Plymouth (01/07/21) – National financial planning business Continuum has responded to the announcement from the Chartered Insurance Institute (CII) that it is to poll its members on the future of the Personal Finance Society.
Yesterday at its Annual General Meeting, the CII announced it is to launch a member consultation on the future of the PFS after facing opposition to its attempts to deregister the PFS as a separate company to streamline the organisation.
Martin Brown, managing partner at national IFA firm Continuum, has questioned the sense for the CII in seeking to deregister the PFS.
He said: “It does seem bizarre, in a sector that has publicly struggled with its reputation that the CII would seek to discredit a professional standards organisation that has been in place for 16 years.”
“The timing makes no sense,” he continued. “The sector has really embraced the Chartered Financial Planner designation but by deregistering the PFS it feels like the CII is looking to discredit the standards that so many of in the profession have worked so hard to achieve.
“It feels a little like they are pulling the rug out from under the financial planning profession, all in the name of cost cutting.”
About Continuum
Continuum is a modern brand of financial advice. It is a partnership of like-minded Independent Financial Advisers sharing a common passion, approach and commitment to practicing true financial planning.
We are dedicated to providing a modern financial planning experience – one that focuses on the client.
Assets under influence have increased to over £1.27bn
We believe that by creating a three-way partnership between Continuum, the adviser and the client, we also create an environment where each party can only succeed and grow if the other parties also succeed and grow.
Continuum is a trading name of Continuum (Financial Services) LLP which is authorised and regulated by the Financial Conduct Authority. Continuum (Financial Services) LLP is a Limited Liability Partnership
Brandon Consulting Services Ltd 