Personal Finance Society  

PFS interim chief steps down ahead of general meeting

PFS interim chief steps down ahead of general meeting
Don MacIntyre speaking at the FT Adviser Financial Forum this year (FT Adviser/ Carmen Reichman)

Don MacIntyre has stepped down as interim chief executive of the Personal Finance Society as the PFS's dispute with its parent body, the CII, continues.

MacIntyre joined the PFS in August 2022 on a short-term contract with the mission of assisting the professional body in evolving its working practices and governance structures. 

In a statement, the PFS said: “During his tenure, Don played an instrumental role in helping the organisation through significant changes and in positioning the PFS for future growth and success. Reflecting on his achievements, Don shared that the time felt right to take his career in a new direction.”

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The PFS confirmed it would be securing permanent arrangements but did not specify when this would happen. 

“The PFS Chair, Christine Elliott, and President, Carla Brown, wish Don all the very best for his future success and for all his hard work, loyalty and dedication, in often difficult circumstances,” the statement continued. 

It also reassured members that the organisation was in “good hands” and that the executive team remained “fully committed” to advancing the goals of the PFS. 

The PFS have their annual general meeting taking place on November 11 2024, in Manchester.

This comes as the PFS is also is in the midst of a member director recruitment process following Anthony Ward’s departure

Ward joined the board in September 2021 serving as president from March 2023 to September 2024.

He decided to leave the board as his term in post had come to an end, and said on LinkedIn he was excited to explore new opportunities where he could contribute to the “strategic growth, governance, and oversight of organisations in need of board leadership”.

Last month, the spat between the PFS and CII was reignited after the CII appointed four of its executive team to the PFS board.

The appointments included group chief executive Matthew Hill as well as Trevor Edwards, Matthew Mallett and Gill White, who make up part of the executive leadership team. 

They replaced four existing institute appointed directors with immediate effect - these were Neil Buckley, Sarah Howe, Catharine Seddon and Neil Watts.

The news was met with outrage from some members of the adviser community who described it as “shambolic and unsurprising”.

alina.khan@ft.com