Firms wishing to obtain Corporate Chartered status will need to meet broader and stricter criteria after the Chartered Insurance Institute (CII) toughened its eligibility rules.
As well as meeting six compulsory criteria, firms will also need to gain a minimum of 50 points by meeting new, ‘discretionary' rules. These include the percentage of financial advisers individually holding the Chartered Financial Planner title (10-30 points), and the percentage of board or management individually holding the Chartered Financial Planner title (25-50 points). It says it is updating its policy to reflect the outcomes of the RDR process, which has a particular focus on ‘raising standards', adding there are currently more than 230 firms of Corporate Chartered Financial Pl...
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