Joint statement by the Personal Finance Society and The Chartered Insurance Institute

PFS-and-CII-statement

Authored by the PFS and the CII

Following full, detailed, and constructive discussions, the Personal Finance Society (PFS) and the Chartered Insurance Institute (CII) have this week reached an agreement in principle on a range of matters. The progress has been aided by the appointment of new CEOs at both the PFS and CII.

There has been on-going dialogue and recent disagreements and both parties now agree that they have reached a point where they can collaboratively move past these. The collective aim is to be able to update CII and PFS members on the recommendations of both organisations’ leadership in the new year.

The PFS and the CII leaderships believe this agreement in principle will enable a positive forward-looking approach to serving all of their members.  The finer points of the terms are still being discussed and are therefore on-going and confidential.  Neither party will provide further details beyond this statement at this stage.

This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.

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About CII

The Chartered Insurance Institute (CII), the leading professional body for the global financial services profession, exists to promote higher standards of integrity, technical competence and business capability.

With over 115,000 members in more than 150 countries, the CII is the world's largest professional body dedicated to insurance and financial services.

Our membership covers all disciplines within the insurance industry (claims, broking, underwriting), those working in the life and pensions sector, the mortgage advice market and financial advisers (under the Personal Finance Society brand).

Our Royal Charter requires us "to secure and justify the confidence of the public" in our members and in the insurance and financial services sector.

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