Former head of the Personal Finance Society, Edward Grant, has been appointed as an institute director to the PFS board by the Chartered Insurance Institute in a "new era" for the board.
Grant, a director with St. James’s Place and a chartered wealth manager, will be joined in his appointment by Andy Briscoe, a former chair of the Money Advice Service and Indesser with more than 25 years’ experience leading firms in a variety of industries.
Also appointed were Christine Elliot, the former chief executive of The Institute for Turnaround and Transformation and director of Bletchley Park and Catherine Seddon, bringing with her a wealth of experience from leadership roles from across a broad range of professions.
We welcome the rapid progress made by the PFS board at its first meeting of this new era.Helen Phillips, CII GroupNeil Buckly, an experienced non-executive director and chair of multiple organisations, was also appointed as an institute director.
These appointments have all come after nearly a year of a high-profile fallout over the CII appointing its own members to the board in 2022, citing allegations of governance issues.
These institute directors will join the PFS Board for an initial period of one year and will join two new member directors, Carla Brown and Daniel Williams, who were announced by the PFS board earlier this week.
Speaking on these appointments, CII Group chair, Dr Helen Phillips, commented: “The CII Group Board warmly welcomes all the new directors - member and institute - to the PFS board as well as the rapid progress made by the PFS board at its first meeting of this new era.
“The CII Group Board is pleased to be able to discharge its responsibility to our members and support the evolution of the PFS Board by appointing these additional high calibre professionals alongside the new member directors.”
Philips added that the appointments will “further enhance” the skills and experience of the PFS Board and that they will be a able to draw up a “new blueprint” for governance of the PFS.
She stated that she hoped this new blueprint will “inspire confidence” in all who have a shared interest in ensuring public confidence and trust in the financial planning and mortgage advice profession.
tom.dunstan@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
