The new member directors are Chartered Financial Planner Carla Brown and IFA Daniel Williams.

Interim CEO Don Macintyre will also continue in post for a further six months, the 40,000 member professional body for Financial Planners announced today.

The changes come three weeks after two independent directors of the PFS quit the board over a row over the potential transfer of £19m in PFS reserves to parent body the CII.

The PFS and CII have been at loggerheads since last year on the future direction of the PFS, the professional body which provides the Chartered Financial Planning designation.

Anthony Ward said it was a “privilege” to be appointed interim President.

He said: “The PFS has helped me throughout my career, and I know it will play a key role for all members going forwards.

“I am delighted to immediately welcome Carla and Daniel to the PFS board. They bring significant professional experience from within and beyond the financial services profession.”

Carla Brown is managing director of Oakmere Wealth Management and director of CL Wills and Estate Planning and has more than 25 years’ experience in the financial services profession. She is a Chartered Financial Planner, Fellow of the PFS, an education champion with the PFS and winner of the 2021/22 PFS Chartered Financial Planner of the Year Award.

Daniel Williams is an IFA with Morgan Williams & Co, based in Yorkshire. Her was awarded PFS Education Champion of the Year at the 2022 Personal Finance Awards.

The new member directors will serve on an interim basis until the PFS AGM on 20 September, when their terms will be formally ratified if members agree.

They joined their first PFS board meeting on Monday 3 July when Elizabeth Bastin, an existing member director, was re-appointed as a lay director of the board.

Mr Ward said the PFS has begun a process to identify further directors, “who – alongside others to be appointed by the CII group board – will collectively provide the necessary leadership, strategic focus, and good governance that PFS members deserve as we enter an exciting new phase for the organisation.”

The PFS board also agreed at its 3 July meeting to recruit a new, independent chair.