The unexpected resignation today of under fire CII CEO Sian Fisher is neither the end of the story for the Personal Finance Society, nor realistically even a solution to the crisis that has beset both the CII and PFS in recent times.

The money laundering regulations are supposed to be a dull but routine part of financial services business, as any Financial Planner will attest.

The pandemic is not over yet, far from it, and it is too early to predict the long term impact but if there is one certainty it is that many people’s retirement plans are changing.

Consumers just do not trust financial services firms, that’s the long and the short of it.

Whenever I hear of a new regulatory initiative designed to crack down on rogues or bad practice I always resist the temptation to cheer straightaway.

Clients are getting older, on average. It’s an inescapable fact that I was reminded of this week with the launch by St James’s Place of its Care Concierge service, aimed particularly at clients over-80.

It was good to get away last week for a break to sunny Devon, beating the G7 hordes heading to the South West. 

I have to confess that I scratched my head this week when I heard the news that JP Morgan Chase was buying the loss-making robo-adviser Nutmeg.

The Personal Finance Society has always been something of a problem child for its parent the Chartered Insurance Institute.

As we reported last week, the CII’s recent crunch AGM saw a setback for rebels fighting against the deregistration of the Personal Finance Society.