What, why and when? A quick look at accredited bodies

What are they? Accredited bodies will help the Financial Services Authority (FSA) maintain high standards for the industry in the areas of qualifications, ethics, and Continuing Professional Development (CPD). They will check advisers qualifications and CPD, but their role has nothing to do with the actual advice given by firms, which remains the firm's responsibility. Once an accredited body is satisfied an individual has met the required standards set by Retail Distribution Review (RDR), it will issue him or her with a Statement of Professional Standing (SPS). *Remember* Advisers ...