The number of professionals successfully obtaining the Certified Financial Planner (CFP) licence is continuing to grow, with 20% more in the UK in 2008 than last year.
According to figures from the Institute of Financial Planning, there are now 900 CFP's in the UK and it expects to welcome its 1000th CFP professional in the first quarter of 2009.
The rise comes as adviser qualifications have been firmly in the spotlight this year following proposals outlined in the FSA's RDR Feedback Statement.
"Despite everything else happening at the moment, the growth in CFP professionals continues unabated and another significant landmark has been met," says Nick Cann, CEO of the IFP.
"Whenever I speak to those planners who have reached this significant goal, they tell me that it is without doubt one of the most challenging tests that they have undertaken but definitely the most rewarding. For many this then forms the basis of how they start to enhance their client proposition and really start to add value to what they do. Congratulations to all that have passed during 2008."
Barry Horner CFP, and President of the IFP adds: "It's a fantastic achievement that the growth in the number of CFP professionals is still gaining momentum. CFP certification sets licensees apart from their peers, and lets consumers know that they are dealing with an expert, objective, ethical and trusted Financial Planner. I can only see the numbers continue to rise from here."
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