Number of UK CFPs doubles since 2006

clock

The number of certified financial planners (CFPs) in the UK has doubled in less than three years, according to the Institute of Financial Planning (IFP).

The Institute says the UK is on track to pass 1,000 CFPs by the end of the year, with numbers climbing 20% during 2008 and 50% since the end of 2006. It adds the percentage growth of UK CFPs is higher than the percentage growth across the world, in which there are now almost 120,000 CFPs, double the figure since 2001. According to the Financial Planning Standards Board (FPSB), which owns the CFP, there were 118,506 certified individuals across the globe at the end of 2008. Statistics also show the majority of CFP professionals (59,676) are now doing business outside of the United Stat...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read