PFS to recruit an interim CEO

by | Jul 12, 2022

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The Board of the Personal Finance Society (PFS), the professional body for the financial planning profession in the UK, announced today 12 July that it will recruit an Interim CEO.

This new role will provide executive leadership as the professional body works to evolve its working practices, to better meet its members’ interests.

Explaining the unanimous Board decision to commence the recruitment process, Sarah Lord, President of the Personal Finance Society, confirmed: “The role of PFS CEO was dissolved by the former CEO of the Chartered Insurance Institute (CII) in June 2021. Over the last year the PFS has worked with the CII to establish the most effective way to manage the organisation. It has become clear that the best way to represent and advocate the PFS members’ interests and preserve and protect its assets and deliver tailored member support is through the appointment of a full-time executive CEO role

She continued: “Our members provided feedback supporting the need for a dedicated executive championing their interests within the CII’s ‘Shaping the future together consultation’ last year. The CII executive is supportive too. This is why we are commencing an executive search process immediately and will appoint an Interim CEO in the first instance while we seek a permanent appointment.”


The Board is made up of volunteers who passionately believe in the organisation, the professionalism of its members and its objective to build public confidence.

The PFS has enjoyed 18 years of cooperation with the CII, its Royal Charter body.

The PFS Board is of the view that while the general insurance and personal finance sectors have evolved in differing directions, there remains merit in investigating future approaches together with the CII that will ultimately serve the needs of both organisations’ members while maintaining public confidence in the two disciplines.


For the remainder of this year, the Board anticipates that the Interim CEO, the volunteer Board and employees at the CII, who under a service contract are dedicated to providing defined services and supporting PFS members, will work together.

Collectively, amongst other important actions, there are some priority programmes for the remainder of 2022, including to:

•             Ensure there is a dedicated champion that is able to deliver a laser-like focus on members’ best interests and reflect the divergence of the personal finance sector and that of general insurance, while maintaining public confidence in the professional services of members.


•             Promote the PFS strategic business plan and to deliver a successful Annual General Meeting in September 2022.

•             Enable the PFS to deliver a world-class show-case event in November 2022, the Festival of Financial Planning.

•             Support the volunteer Board to ensure that the PFS continues to meet its purpose and, through the CII, is able to provide members with valuable Chartered status.


The interim CEO will then work with the incoming permanent CEO to ensure there is a smooth transition in leadership.

Recruitment of the Interim CEO will be undertaken using a professional consultancy after a service tender and it is anticipated that the chosen skilled individual will be in place before the end of summer 2022.

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