PFS breaks 25,000 membership barrier

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The Personal Finance Society (PFS) says the growing need to raise standards has helped it gain over 25,000 members since its creation in 2005.

It also believes the value of chartered status for advisers and recognition of the title by consumers is believed to be responsible for a surge in chartered members over recent months. There are now more than 1,700 chartered financial planners and almost 250 chartered financial planning firms. "Against the background of an unprecedented global financial crisis it is reassuring to see our industry react so positively to calls to raise standards," says Fay Goddard, chief executive of the PFS. "With few exceptions professionalism has been embraced across the sector, clearly demonstrati...

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