The Institute of Financial Planning suggests the new Chartered Financial Planner title could present a legal conflict against the international Certified Financial Planner standard.
In a statement issued this afternoon concerning the Privy Council’s endorsement of Chartered Financial Planner status, the IFP reveals it believes use of the title will not only be confusing to consumers against the CFP mark but “potentially raises trademark issues” which it says “will be unhelpful for everybody involved”. Nick Cann, chief executive of the IFP, adds the Financial Planning Standards Board, which is responsible for managing the international CFP accreditation “are consulting with [legal] counsel to check what the trademark situation is”. Today’s statement follows earlie...
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