View more on these topics

Sign to take designation issue back to the PFS

I would like to add my voice to those of David Barnett and Alan Parkinson (Money Marketing, last week) in expressing my dissatisfaction with the way that the Personal Finance Society is shaping up.

Like David, I was against the merger but at the time I did not have a vote.

My particular gripe concerns the designations which the PFS has introduced and about which I have written to the PFS.

I asked whether consul-tation had taken place a query which was ignored in the response, and I was told that designations had been decided upon with reference to the guidelines produced by the QCA (no I did not know either. Apparently, this is the Qualifications and Curriculum Authority which is also invol-ved inter alia in a national curriculum for under-fives.

I have pointed out the obvious confusion which could arise between the “dip” previously awarded to LIA members which reflected the FPC held and the “dip” now allocated to PFS members which reflects the AFPC. The PFS appears to be under the illusion that members have been presented with a fait accompli.

My view is that all members holding FPC should be entitled to the “dipPFS” status (which means little change for those previous LIA members) and those holding AFPC should acquire, say, “APFS” (associate member?) which again bears some comparison with the designation currently held by former SFA members (MSFA) and, I believe, LIA members.

I cannot help, in the light of the letters last week, from recalling that one of the reasons that the merger was considered absolutely crucial by some of those people advocating it at the time was the necessity that the industry should speak with one voice. This would appear to be somewhat optimistic.

From David’s letter, it appears that I need 1,274 letters to support me. Time does not hang heavy on my hands but the fact is that if those members who support my view and feel strongly enough about it would email me on either of the two addresses below, I would be quite happy, given enough support, to organise a motion referring this matter back to the PFS.

It should be asked to suspend the current designations it has imposed and it should be required to consult with the membership on the suggestions above or any other suggestions that members may have.

Blair Cann

Chartered insurance practitioner,

M Thurlow & Co (Ins) Brokers,

Redbourn,

Hertfordshire

Email addresses: mthurlow@btconnect.com

blair.cann@ntlworld.com

Recommended

Alexander Forbes in bespoke Sipp deal

Alexander Forbes Financial Services is offering a bespoke Sipp with Standard Life and Investment Solutions. The Alexander Forbes Standard Life Sipp uses multi-manager fund from Investment Solutions. Former Bureaux Group managing director Peter Quinton has been appointed director of public relations at Alexander Forbes.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment