The Chartered Insurance Institute (CII) has called on the FSA to "rebuild public trust" by developing higher professional standards in the industry.
In its first position paper response to the RDR, the institute is also seeking a single set of standards and ethics, a new complaints system and further disciplinary functions. CII president Lord Hunt of Wirral says he has made improving public confidence and enhancing professionalism the theme of his presidency. "One way to ensure we rebuild public trust – and it is not a short-term or easy fix – is to build professionalism throughout our industry so that we match the attributes, capabilities and behaviours of the best of other professions,” Lord Wirral says. "Professionalism is not si...
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