CII proposes professional standards enforcer

The board would act as the arbiter of ethical standards for practitioners, promote continuing professional development as well as punishing offenders. In its fifth and final position paper in response to the FSA Retail Distribution Review (RDR) discussion paper, the CII outlines how the board would operate in conjunction with strengthened professional bodies as custodians of standards, similar to other professional sectors. The new framework would include: A single structure of professional standards for all retail financial services market customer-facing staff, comprising a mix...