CII toughens corporate chartered criteria

As well as meeting six compulsory criteria, firms will also need to gain a minimum of 50 points by meeting new, ‘discretionary' rules. These include the percentage of financial advisers individually holding the Chartered Financial Planner title (10-30 points), and the percentage of board or management individually holding the Chartered Financial Planner title (25-50 points). It says it is updating its policy to reflect the outcomes of the RDR process, which has a particular focus on ‘raising standards', adding there are currently more than 230 firms of Corporate Chartered Financial Pl...