Exclusive: Ex-PFS CEO Keith Richards on the CII's 'major mistake'

‘Deliberate and underhanded strategy by the CII’ exposed

clock • 5 min read

In an exclusive column for PA, former Personal Finance Society (PFS) chief executive (CEO) Keith Richards shares his opinion on the PFS' strained and volatile relationship with the Chartered Insurance Institute (CII)...

The CII's decision to publicly criticise the PFS board directors of governance failings, most of whom are practising member volunteers and offer their services pro-bono, was a major mistake and has exposed what many see as a deliberate and underhanded strategy by the CII to discredit members of our profession, simply to justify their desperate need to take control of PFS member assets and revenue. Whether this is true or not, perception is reality and the CII needs to recognise the reaction and feedback from across the profession. Caroline Stuart's resignation from the PFS last week, ...

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

Chancellor vows to swerve Tory government planned investment cuts 'mistakes' - reports

Chancellor vows to swerve Tory government planned investment cuts 'mistakes' - reports

Rachel Reeves makes pledge head of Autumn Budget

Sorin-Andrei Dojan
clock 04 October 2024 • 1 min read
Dynamic Planner links up with Adviser Cloud

Dynamic Planner links up with Adviser Cloud

Partnership intended to improve client data transfer for financial advisers

Sahar Nazir
clock 04 October 2024 • 1 min read
Model portfolio sales slow in H1 after 2023 boom

Model portfolio sales slow in H1 after 2023 boom

Sales increased by just 6% in H1 2024

Sahar Nazir
clock 02 October 2024 • 2 min read