The Personal Finance Society has blamed a lack of CII directors attending for its decision to abandon an Emergency PFS board meeting today.

In this exclusive column for Financial Planning Today magazine, Dr Matthew Connell, director of policy and public affairs at the Personal Finance Society, unravels the FCA's new Consumer Duty.

The Personal Finance Society (PFS) has voiced its shock at parent body the CII’s move to takeover its board by appointing three new directors yesterday.

Two Past Presidents of the Personal Finance Society (PFS) have attacked the PFS parent body, the Chartered Insurance Institute, after it decided to step in today to take control of the PFS board.