Sarah Lord hits back at 'disingenuous' CII after PFS board takeover

Past presidents accuse CII of ‘deeply cynical move’

Jenna Brown
clock • 3 min read

Sarah Lord, the past president of the Personal Finance Society (PFS) has criticised the Chartered Insurance Institute (CII) after it moved to take over the PFS board today (21 December).

Lord, who served as PFS president from 2022 to 2022, said the CII's decision - which saw it immediately add three CII directors to equalise the make-up of the PFS board and confirmation of its intention to add another CII director to take overall control - was a "deeply cynical move". Lord said: "The orchestration of the announcement that we have witnessed today shows that this is a pre-meditated decision. I have until very recently been in conversations with the CII leadership and we have engaged in mediation at their request. The conversations were still underway. "It is extraordina...

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

AI's energy demands pose responsible investing challenge

AI's energy demands pose responsible investing challenge

Advisers must rethink sustainable investment strategies to balance returns and ESG goals

Sahar Nazir
clock 07 March 2025 • 2 min read
More female advisers 'key to closing gender advice gap'

More female advisers 'key to closing gender advice gap'

'We are still a long way from gender equality in financial services’

Isabel Baxter
clock 07 March 2025 • 2 min read
PA Asks: Has the FCA got its one-year email deletion policy right?

PA Asks: Has the FCA got its one-year email deletion policy right?

This week’s poll also looks at HNWI UK exodous and the IHT gifting regime

Professional Adviser
clock 07 March 2025 • 1 min read