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Inappropriate for PFS members to air concerns in public

As a member of the Personal Finance Society and one of its regional volunteers, I am very concerned that some members of the society seem to think it a good idea to conduct a discussion with the society through the pages of Money Marketing.

If they have concerns about the PFS, surely it would be far better to have a sensible discussion with the president, the chairman, one of the directors or the management of the PFS?

Speaking as a member of the PFS, we have come a long way in a very short time. Let us not forget that last October we were still debating whether or not we could take the historic step of bringing Sofa and the LIA together in one professional body which would have much greater authority than the separate organisations.

In the six months since then, the merger was agreed (with only around 2 per cent of the membership actively in opposition), the memberships have been merged, membership cards have been sent out, consultations have taken place on the regional framework, a massive rebranding exercise has taken place and public affairs activity has been conducted on behalf of the united membership with predictably positive results at the FSA and elsewhere.

The industry has debated whether to form a single body for at least 10 years. We are now four months into living within that body and there are clearly policy issues to be addressed, as anyone would expect.

I do believe we should be supportive of the PFS, its board and its executive team, working with them rather than seeing them as a target for lobbying.

John Eardley The Independent Financial Planning Company, Altrincham, Cheshire


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