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First president would be in office for two years

The board of the proposed Personal Finance Society would be comprised of eight member directors and six non-member directors.

It would initially appoint for up to a two-year term a member-facing president who would also be appointed to the CII council. Subsequently, the president would serve for one year. The board would also elect two vice-presidents, with one becoming president when the incumbent&#39s term ends.

Chairman of the board would be Bob Bullivant, currently Sofa managing director, while LIA director general Mark Ommanney would be chief executive. LIA head of public affairs John Ellis would be public affairs director, LIA finance director Andrew Clarke would be finance director while CII director general Sandy Scott and CII finance director Peter Martin would be non-member directors.

Member directors, who must have passed at least three AFPC subjects or hold equivalent qualifications, would be elected on an ongoing basis would be the LIA&#39s Caroline Banks, the LIA&#39s David Batchelor, Sofa&#39s Gill Cardy, Sofa&#39s Carole Nicholls, Sofa&#39s Robert Reid, the LIA&#39s Karl Snowden, Sofa&#39s Brian Steeples, and former Sofa chair Peter Williams but who would sit as an LIA member.


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