PFS members have sensationally rejected two key motions at the AGM in Manchester in a serious blow for the board.

The PFS is to launch a major consultation exercise with members after they unexpectedly rejected two key motions at the AGM in Manchester yesterday.

One of the leading PFS rebels, Alasdair Walker of the OurPFS campaign group, has welcomed the "clear message" the AGM protest vote yesterday has delivered to the PFS and parent body the CII and said the future for the PFS now looks "more positive."