PFS board refutes CII's governance failure claims

Says CII made accusations with no supporting evidence

Jenna Brown
clock • 2 min read

Members of the Personal Finance Society (PFS) board have dismissed claims of governance failures made by the Chartered Insurance Institute (CII) as the power struggle between the two organisations continues into 2023.

The boards of the PFS and CII are at loggerheads after the latter attempted to take over the running of the former's board in an unforeseen move just before the Christmas break. On 21 December, the CII announced it intended to appoint a majority of directors to the PFS board after long-running mediation over its future failed and "significant governance failures" emerged. Past PFS presidents hit back at the claims in the following hours with Sarah Lord saying the move had obviously been long planned: "It is extraordinary that they have been so disingenuous." In the saga's latest de...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Your profession

Gilks: "We are currently trialling a four-day work week."

A day in the life of an adviser: Penzance-based Demi-Leigh Gilks

PA hears how advisers all across the nation structure their workdays

Sahar Nazir
clock 09 June 2023 • 3 min read
Schroders head of UK intermediary solutions Gillian Hepburn

Advisers called to be more open-minded to embracing AI

Artificial intelligence should be on advisers’ radar, Schroders says

Sahar Nazir
clock 08 June 2023 • 1 min read
Demand for sustainable investing wanes amid doubts

Demand for sustainable investing wanes amid doubts

More advisers report decline in client interest for sustainable investment

Sahar Nazir
clock 08 June 2023 • 1 min read