Former PFS president elected to head CII board

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Former PFS president elected to head CII board
ByRachel Mortimer

The former president of the Personal Finance Society has been elected as head of the Chartered Insurance Institute board. 

Members of the professional body also today (June 26) voted in favour of introducing an independent chairman to be appointed to the board, rather than having the president act in this role. 

Nick Turner, who served as president of the PFS board in 2016-17, joined the CII's board as its president after more than 34 years in the insurance industry.

At the body's annual general meeting in York today members also voted in favour of "modernising" the CII's bye-laws, including the appointment of an independent chairman. 

The chairman will hold the role for a maximum of six years, managing strategy, ensuring regulatory compliance and allowing the president to "focus on his ambassadorial role".

Members also voted to introduce a new chartered title, chartered insurance underwriting agent, to the professional body and allow attendance to general meetings by electronic means.

They also voted in favour of having four members on the CII board dedicated to engaging with members.

Sian Fisher, chief executive of the CII, said the changes allow for "much broader representation" across the insurance profession.

She said: "Underwriters are a significant community within our membership, and introducing this new designation will help to support, develop and maintain the high standards and best practice this specific sector adheres to.

"Also, enabling members to attend and participate in important meetings electronically means that no one need be excluded, which will benefit both the CII and our membership going forward."

The CII also elected Julie Page as deputy president of its board, where she will take up the role alongside her current position as chief executive for Aon UK. 

Mr Turner has previously held a number of strategy, sales and marketing-related roles at Axa Wealth and is now responsible for the agency network and distribution of general insurance at NFU Mutual, where he also became a member of the board in 2013. 

He is also chairman of Mutual Select Investments, a subsidiary of NFU Mutual responsible for financial advice and pension, investment, and protection propositions.

Mr Turner said: "It is a privilege to be appointed as president of the CII at such an important and historic moment. In these times of ever increasing uncertainty, I see a real opportunity for us all to focus on building a greater level of consumer trust in our products and services.

"I relish the opportunity to work with great minds from all sides of our profession, to gain recognition of the valuable work that we already do, and to see if we can find ways to improve for the future."