IFP drops threat of legal action over Chartered status

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The Institute of Financial Planning (IFP) has backed down in its fight against the Chartered Insurance Institute (CII) over the new Chartered Financial Planner title.

The news came following an IFP board meeting yesterday at the same time as the CII released the final details of its exam regime. Nick Cann, chief executive of the IFP, says following the Financial Planning Standards Board’s (FPSB) meeting in Mumbai and their own discussions yesterday, the IFP has decided not to pursue judicial review despite its disappointment about the title of Chartered Financial Planner and the board’s belief and legal opinion that the process with the Privy Council had not been properly followed. Cann says: “It was decided that this would not be the most constructi...

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