CII 'has clearly spent weeks planning moves against the PFS'

PFS member director speaks out against moves by the CII on its board

Hope William-Smith
clock • 2 min read

One of the Personal Finance Society’s (PFS) member directors has said it is clear the Chartered Insurance Institute (CII) “has spent weeks planning moves” against it.

The comments from Hannay Wealth Chartered financial planner Vanessa Barnes come after uproar in the industry this week after the CII appointed three institute directors to sit on the PFS board alongside the current two CII directors. This together would see the CII make up the entire board and follows a dispute that has been ongoing for months following initial moves by the institute to deregister the PFS. The PFS called an emergency board meeting over the situation, which was delayed yesterday (22 December), while the CII defended its position citing "governance failures" at the soci...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The Platforms Association launches UK's first transfers charter

The Platforms Association launches UK's first transfers charter

Designed to modernise investment transfers

Sophia Panayi
clock 25 June 2026 • 2 min read
Half of UK advisers cannot see clients' crypto assets

Half of UK advisers cannot see clients' crypto assets

Research from CoinShares

Sophia Panayi
clock 25 June 2026 • 2 min read
SENDA launches first accredited training courses for special needs planning

SENDA launches first accredited training courses for special needs planning

Full certification programme to follow

Sophia Panayi
clock 25 June 2026 • 3 min read