If the Personal Finance Society (PFS) decided to cut ties with its parent organisation the Chartered Insurance Institute (CII) it would not be an easy break and members would suffer, the latter’s CEO Matthew Hill has said.
Speaking at the PFS annual general meeting on 11 November, Hill responded to a question which asked directly if members would get to vote on a demerger from the CII. PFS chair Christine Elliott responded that any proposal must conform with the PFS articles of association to be brought before the membership. However, she added: "What we would emphasise are the many benefits that PFS members get from being part of the group including the all-important statement of professional standing (SPS), Chartered status, membership designations and associated world-class qualifications." Hill t...
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