Personal Finance Society (PFS) chair Christine Elliott has admitted the ongoing dispute between the organisation and the Chartered Insurance Institute (CII) is professionally embarrassing but assured members the boards of the two bodies were working to resolve the situation.
However, despite assurances the professional bodies were working well together members of the PFS yesterday (11 November) voted down two motions at its annual general meeting (AGM). Agenda items that sought to approve the body's latest report and financial statements and reappoint the body's auditors failed to pass. Speaking at the PFS' AGM yesterday (11 November), Elliott responded to a member question which asked if their leadership team realised the long-running dispute over governance issues, board make-up and financial issues was "professionally embarrassing". Elliott said: "Of c...
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