Personal Finance Society (PFS) president Caroline Stuart has resigned from her role and her position on the society’s board.
In a statement today (5 January) Stuart said taking the role in September had been "the greatest honour" in her professional life. However, Stuart said the PFS' ongoing problems with the Chartered Insurance Institute (CII) in recent weeks meant "pressure and stress has increased exponentially". 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. This has since been refuted by the PFS, board members and its past president. "I, along with my...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
