PFS financial planning panel chair quits; labels CII actions 'disturbing'

Alisdair Walker walks away after ten months as head of the FP panel

Hope William-Smith
clock • 2 min read

Alisdair Walker has quit his role as Personal Finance Society (PFS) financial planning panel chair following its fall out with the Chartered Insurance Institute (CII).

The ongoing dispute between the PFS and the CII is a result of the latter's 21 December decision to appoint a majority of directors to the PFS board. The CII cited "significant governance failures" as the reason for the takeover, with concerns including lack of rotation on PFS board, lack of collective board decision making, and failure to act in line with the Articles of Association approved by PFS members. Former PFS president Caroline Stuart denied the claims in her resignation letter last week and stated the CII was instead pursuing "the only avenue remaining" for it to access des...

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

Friday Night Takeaway: It's the return of the banks

Friday Night Takeaway: It's the return of the banks

The news editor's Friday Night Takeaway from 10 July

Isabel Baxter
clock 10 July 2026 • 3 min read
Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

PFS president and chair joins Professional Adviser in the studio

Professional Adviser
clock 10 July 2026 • 1 min read
FCA spotlights vulnerability in latest Consumer Duty review

FCA spotlights vulnerability in latest Consumer Duty review

Treatment of vulnerable clients still an area of improvement for firms

Sophia Panayi
clock 10 July 2026 • 2 min read