CII group chair Helen Phillips has expressed “sadness” over the decision yesterday by PFS President Caroline Stuart to resign but has insisted that the CII will pursue its aim of taking control of the PFS board. Ms Phillips said the CII’s accusations of PFS governance failings as the reason for intervention were based on facts. […]
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PFS President Caroline Stuart quits over CII row
PFS President Caroline Stuart has quit the PFS board today with immediate effect. In a statement released at lunchtime, she says she is resigning with the “deepest sadness” and has called on PFS members to halt the “strip mining” of the PFS’s funds and to fight for the future of the body. Ms Stuart was […]
PFS member directors call for an EGM
PFS member directors and co-opted advisers on the PFS board have called for an Extraordinary General Meeting to be held in the next two weeks to find a way forward from the current deadlock with parent body the CII. In a statement released this morning from member directors and co-opted advisers on the PFS board, […]
Mattioli reports revenue up 10% but inflows fall
Wealth manager and SIPP provider Mattioli Woods has reported revenue rose by 10% to £54.9m (1H22: £49.9m) for the six months ended 30 November. Despite the higher revenue, gross inflows fell by £70.3m from £384.4m last time to £314.1m. In a trading update today, the firm said recent trading performance had been “resilient” against complex macroeconomic […]
