Robert Reid is to take over from Carole Nicholls as president of the Personal Finance Society in November.
Reid has been selected by the PFS board and the handover will take place at the society’s annual conference after it has been finalised by voting by members.
Chartered Insurance Institute spokesman Elliot Lane says: “Robert Reid is an extremely active member of the PFS and has been for many years. He is a leading figure in the financial planning market and was an obvious choice to replace Carole Nicholls.”
Reid says: “I would like to improve the profile of the Personal Finance Society in the public domain so people use PFS members as a matter of course. I would like to think we could find a way through the retail distribution review to members’ benefit.”