The refreshed board of the Personal Finance Society (PFS) is keen to “reset the relationship” with parent organisation the Chartered Insurance Institute (CII) after its prolonged dispute and told members “it is time to move on”.
The falling out between the two organisations saw the CII move to take over the PFS board in December 2022 as it made allegations of governance failures. Several high-profile resignations from the PFS board followed in its wake. The PFS' annual general meeting, held yesterday (19 September), discussed the on-going problems between the organisations - described as a "challenging year" - but the board told the membership the issues were in the past. Interim president Anthony Ward said: "It has been a challenging year. It is an entirely new board from last year, aside from myself. We rec...
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
