Member engagement
PFS Annual Report 2023
One of the most valuable benefits of membership of the PFS is the support and guidance offered by fellow members.Whether through conferences, study groups or participation in technical case studies they are a chance for members to improve their understanding of key technical subjects and develop their financial planning skills, as well as learning about new ideas that they can apply in their role.
The PFS has 26 regional committees, run by enthusiastic member volunteers. Attending PFS Local events is a great way to stay up to date, network with fellow professionals and learn something new. What’s more, attendance at such events can count towards a member’s CPD.
In addition to this regional support, we ran three national events during 2023.
The PFS held its 15th annual Personal Finance Awards ceremony in October, celebrating the individuals and firms who deliver exceptional consumer outcomes within the financial planning profession.
Hosted by Claudia Winkleman, the occasion shone a spotlight on those who excel within their work as an opportunity for the sector to recognise the remarkable achievements of the previous year.
In November, the PFS celebrated the graduation of 57 Fellows and 58 Chartered members in two ceremonies at Westminster Chapel.
PFS Chartered status is recognised by peers and those seeking advice as a symbol of technical competence and public commitment to professional standards. Independent research confirms that those seeking advice are more likely to choose an individual or firm that is Chartered.
Becoming a Fellow of the PFS is the most prestigious level of professional achievement. PFS members must have completed the Level 6 Advanced Diploma in Financial Planning and acquired a total of 350 credits, which can be achieved via additional Chartered Insurance Institute units, or recognition of prior learning for non-CII (regulated) qualifications.
The PFS held its annual national conference in Newport, Wales in October, where members were invited to explore how their ethical duty to clients can evolve, as part of a greater focus on contributing positively to our environment and wider society.
Keynote speakers included Matt Watkinson, consultant and expert on customer experience, and Catherine Morgan, a multi-award-winning qualified financial planner whose mission is to reduce financial anxiety and increase financial empowerment and resilience.
Members in attendance received more than four hours of CPD, covering financial planning skills, leadership, business ethics, wealth management, sustainability, diversity and inclusion, as well as technology.
