PFS board considers CII deregistration proposals but votes against it

Vote held 17 June

Sophie King
clock • 2 min read

The Personal Finance Society (PFS) board voted against the Chartered Insurance Institute’s (CII) attempt to deregister it as an independent entity.

Professional Adviser can reveal the idea to deregister was properly considered by the PFS board, but it was very clear that members were against it, and so the board chose to vote it down. The vote was held last week (17 June) at the board's meeting, but there were several meetings held to discuss the plan prior to making the decision. In April, the plan to deregister the PFS came to light and, since then, many members have spoken up against the idea from the CII. PA understands that the board felt it was better to retain independence within the CII, rather than deregister and lose so...

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

'Dinosaurs go extinct': Former Progeny CTO warns platforms must evolve or die

'Dinosaurs go extinct': Former Progeny CTO warns platforms must evolve or die

Tim Thompson Rye warns advice platforms must embrace digital transformation

Sahar Nazir
clock 31 January 2025 • 2 min read
Advice firms called to 'create tech team' to fully embrace AI

Advice firms called to 'create tech team' to fully embrace AI

‘A tech team can look at the most important problems your firm needs to solve’

Sahar Nazir
clock 31 January 2025 • 2 min read
Feel Good Friday: CISI gives nearly £250,000 to financial education charities

Feel Good Friday: CISI gives nearly £250,000 to financial education charities

Providing support to Get Set Girls, RedSTART Educate, and Crosslight Advice

Professional Adviser
clock 31 January 2025 • 1 min read