CII wants one standards board for financial services

Such a body would act as the arbiter of ethical standards for practitioners, promote continuing professional development and have substantial powers to punish malpractice. CII Group chief executive, Sandy Scott, said: "The public must benefit from the RDR or there is little point to it. "Similarly, our ideas for a new professional framework will be of little value unless the public believe that the professional standards board and the professional bodies we are proposing will act in the public interest to prevent, and if necessary to punish, professional malpractice." The new framewor...