Alan Vallance, chief executive of the CII said: “Our preferred next step has always been to sit down with PFS representatives, work through the details of governance failings and find an agreed way forward.
"This was also our preferred option last year – but sadly the governance concerns were not acknowledged.
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"The PFS and CII are essential voices for the UK public in these challenging economic times and now more than ever, all our time, energy and resources should be fully invested in building a stronger future, and delivering exceptional services, for our members.”
sally.hickey@ft.com
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