PFS interim CEO: 'The worst-case scenario has already happened'

PFS/CII remain at loggerheads over future relationship

Jenna Brown
clock • 4 min read

The dispute between the Chartered Insurance Institute (CII) and Personal Finance Society (PFS) must be swiftly resolved to move forward, according to PFS interim chief executive (CEO) Don MacIntyre but he added that “it could be argued the worst-case scenario has already happened”.

Speaking during a PFS member webinar on the ongoing dispute between the organisations - which saw the CII takeover the PFS board in a surprise move on 21 December - MacIntyre (pictured) pointed out that PFS member directors no longer form a majority of the body's board, leaving the CII in a stronger position. He said: "It could be argued the worst-case scenario has already happened - member-directors no longer dominate. That is a speculative response on my part - whatever director is appointed to a leadership position has to be seen to be working in the best interests of that company. ...

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 banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read