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. ...

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