Towry sends advisers 'back to school'

The financial planning firm’s Masters Programme will give its advisers, should they pass, the Chartered Insurance Institute’s Chartered Financial Planner qualification, the highest standard in the profession. Callum McCarthy, chairman of the FSA, said in September last year there were “substantial failings” in the recruitment, training and assessment of advisers. Andrew Fisher, chief executive of Towry Law, says they are breaking away from the profession and doing something about it in-house. “The standards of training in our profession are utterly appalling,” he says. “The FSA noted th...