The FCA has extended its suspension of the requirement for firms to issue 10% depreciation notifications to investors. The move follows the Government’s plans to scrap the rule as part of The Markets in Financial Instruments Regulations 2022.  The regulator has now extended the suspension until the new legislation comes into force, expected in January. […]

The Chartered Insurance Institute has denied that its move this week to take over the PFS board was about taking control of the PFS’s near £20m in reserves. Chris Shadforth, communications director at the CII, said the takeover of the PFS board was not about money.  He added that the PFS had made “super normal” profits over a […]

Many Financial Planners have reacted negatively to the move by the CII this week to take over the PFS board, with several saying they may re-evaluate their membership. The Personal Finance Society (PFS) voiced its “shock” on Wednesday at a decision by parent body the CII’s to take over the PFS board by appointing three […]

A spokesperson from the Chartered Insurance Institute (CII) has accused the Personal Finance Society (PFS) of breaching a confidentiality agreement as the row between the professional bodies continues. Yesterday the PFS blamed a lack of CII directors attending for its decision to abandon an Emergency PFS Board meeting. The PFS President Caroline Stuart said that […]

The Personal Finance Society has blamed a lack of CII directors attending for its decision to abandon an Emergency PFS board meeting today. The PFS President Caroline Stuart said that there were not enough CII directors to form a quorum, a minimum number of directors needed for the meeting to take place. She said the […]

The Personal Finance Society has blamed a lack of CII directors attending for its decision to abandon an Emergency PFS board meeting today. The PFS President Caroline Stuart said that there were not enough CII directors to form a quorum, a minimum number of directors needed for the meeting to take place. She said the […]