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PFS and PI

The article headlined, PFS members won’t get preferential PI (Money Marketing,March 3) misrepresents the arrangement between NCG and the Personal Finance Society.

The statement made by the PFS in November that NCG would take into account PFS membership (which carries with it qualification, adherence to a code of ethics and CPD) when assessing risk profile was agreed between PFS and NCG and both parties still stand by it.

Of course, others with some of these characteristics might well get some advantage but PFS members have them all and are readily identifiable.

John Ellis Public affairs director,Personal Finance Society;

Neill Cotton,Joint managing director,NCG Professional Risks

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