PFS chair recognises CII dispute toll as rebels vote down AGM motions

PFS members vote down two motions at fraught AGM

Jenna Brown
clock • 3 min read

Personal Finance Society (PFS) chair Christine Elliott has admitted the ongoing dispute between the organisation and the Chartered Insurance Institute (CII) is professionally embarrassing but assured members the boards of the two bodies were working to resolve the situation.

However, despite assurances the professional bodies were working well together members of the PFS yesterday (11 November) voted down two motions at its annual general meeting (AGM). Agenda items that sought to approve the body's latest report and financial statements and reappoint the body's auditors failed to pass. Speaking at the PFS' AGM yesterday (11 November), Elliott responded to a member question which asked if their leadership team realised the long-running dispute over governance issues, board make-up and financial issues was "professionally embarrassing". Elliott said: "Of c...

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

FOS pushes ahead with CMCs complaint fee proposals

FOS pushes ahead with CMCs complaint fee proposals

Ombudsman writes to the Financial Conduct Authority

Isabel Baxter
clock 21 November 2024 • 2 min read
More than a third of advisers have not mentioned Consumer Duty to clients

More than a third of advisers have not mentioned Consumer Duty to clients

Only about a quarter of advisers have mentioned the regulation to clients

Sahar Nazir
clock 20 November 2024 • 2 min read
ISA reform 'under review' after absence in Budget and Mansion House

ISA reform 'under review' after absence in Budget and Mansion House

There are five different types of ISAs available on the market

Cristian Angeloni
clock 20 November 2024 • 3 min read