Statement to PFS members

The PFS board will be meeting early in the New Year to consider its response to action taken by the CII on 21 December, namely the appointment by the CII of additional institute directors to the PFS board so that it is now made up of equal numbers of member directors and CII appointed Institute Directors and a Notice that it intends to increase the number of CII Institute Directors.  Under the PFS’ articles of association, the PFS has 30 days from the date of the Notice (i.e. until 19 January 2023) to consult PFS members on this change of control and consulting PFS members will be the urgent priority of the newly constituted PFS board.

Members wishing to express their views about the actions taken by the CII in advance of the board consultation can write to me at don.macintyre@thepfs.org.