Following full, detailed, and constructive discussions, the PFS and the Chartered Insurance Institute (CII) announced on 20 September an agreement in principle has been reached on a range of matters.
The progress has been aided by the appointment of new CEOs at both the PFS and CII.
There has been ongoing dialogue and recent disagreements and both parties now agree that they have reached a point where they can collaboratively move past these.
The collective aim is to be able to update CII and PFS members on the recommendations of both organisations’ leadership in the new year.
The PFS and the CII leaderships believe this agreement in principle will enable a positive forward-looking approach to serving all of their members.
At the time of the Personal Finance Professional going to press the finer points of the terms of the agreement were still being discussed and were therefore on-going and confidential