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

Angela Rayner resigns after ethics report finds warnings ignored on tax advice

Angela Rayner resigns after ethics report finds warnings ignored on tax advice

Following investigation

Sahar Nazir
clock 05 September 2025 • 2 min read
What will cryptocurrency regulation mean for financial advice?

What will cryptocurrency regulation mean for financial advice?

‘Regulation doesn’t automatically make something a sound investment’

Isabel Baxter
clock 05 September 2025 • 8 min read
Wealth management M&A: Integration is the competitive advantage

Wealth management M&A: Integration is the competitive advantage

'M&A is reshaping UK wealth management at an unprecedented pace'

Jim London
clock 05 September 2025 • 4 min read