• PFS feedback

    Just a quick note to those who voted “no” to motions 1 and/or 2 at the AGM.

    The board will have sent an email to you requesting anonymous feedback.

    Please consider making the case for a managed separation / independence from the CII – we need to try and bring this topic to the front and centre of the board.

    Furthermore, you may want to raise the unethical recent behaviour of the CII board, and the unsatisfactory arrangements whereby CII hold PFS “treasury funds” of £8.5M on their own balance sheet with no interest payable to PFS members.

    One final point to note – Trevor Edwards, who is apparently the financial director of the PFS, was asked a question from the floor about the mutual status of PFS being under threat now that it no longer has a majority of member-voted directors. From his response in the room, and the wholly unsatisfactory answer provided, I would guess that this has never actually been considered by the CII board before flooding the PFS board.

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