Matthew Hill: A PFS/CII split is possible but would hurt members

CII CEO says it would not be easy for PFS to break away

Jenna Brown
clock • 2 min read

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...

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

Women more likely to seek professional financial advice – research

Women more likely to seek professional financial advice – research

Twenty percent of women likely to seek advice

Sophia Panayi
clock 22 May 2026 • 2 min read
The expectation gap: Why suitable advice can still fail the client

The expectation gap: Why suitable advice can still fail the client

'The industry is moving from suitability, to understanding and now to expectation management'

Elly Dowding and Lee Coates
clock 22 May 2026 • 4 min read
Identifying financial coercion is part of Consumer Duty – PIMFA

Identifying financial coercion is part of Consumer Duty – PIMFA

‘If you’ve got concerns, you need to take some action’

Sophia Panayi
clock 21 May 2026 • 2 min read