PFS emergency board meeting delayed as CII defends 'takeover' move

'Urgent priority' to rearrange as advisers take action

clock • 7 min read

The Personal Finance Society (PFS) has been forced to delay its emergency board meeting as not enough directors from the Chartered Insurance Institute (CII) took part today (22 December).

Meanwhile, the CII has defended its position to appoint a majority of directors following uproar from across the industry at the move that has been labelled as a "coup d'etat" days before Christmas.  The PFS had scheduled an emergency board meeting for today (22 December) to discuss the move by the CII to appoint three institute directors to sit alongside the current two CII directors, which together would make up the entire board. This move followed a dispute that has been simmering for many months following initial moves to deregister the PFS by the CII. However, in a press state...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

LifeSearch appoints CIO to boost tech strategy

LifeSearch appoints CIO to boost tech strategy

Support for next phase of growth

Jaskeet Briah
clock 08 September 2025 • 1 min read
Majority of customers prefer human-led financial advice over AI

Majority of customers prefer human-led financial advice over AI

Unbiased research findings

Jaskeet Briah
clock 03 September 2025 • 2 min read
Six questions that unlock the real objections

Six questions that unlock the real objections

“Objections are rarely about price”

Ash Borland
clock 02 September 2025 • 3 min read