Carla Brown will continue as President of the Personal Finance Society (PFS) for a second year, having been reappointed at the September PFS board meeting.

Operating losses tripled for the Personal Finance Society in 2024 to £1.45m, according to annual accounts filed with Companies House.

Trevor Edwards, the CII’s group finance director, has left the board of the Personal Finance Society after less than a year in the role.

Personal Finance Society vice-president Daniel Williams along with member director Ben Wright have become the latest senior people to exit the troubled organisation.

In the latest senior role turnaround at The Personal Finance Society, President Carla Brown has taken on the additional role of chair to replace Christine Elliott, who has left after only eight months.

The PFS board is sending a letter today to rebel members who voted to reject two key motions at this week’s AGM in a shock result.