The Institute of Financial Planning (IFP) has confirmed it will apply to become an accredited body under plans published in the FSA's latest RDR paper.
Nick Cann, IFP chief executive, says the professional body will be submitting an application to the FSA to become capable of awarding advisers Statements of Professional Standing (SPS). Under proposals in June's RDR paper CP10/14, advisers will be required to hold an SPS certificate detailing their qualifications, CPD and adherence to a code of ethics, in order to practice. Accredited bodies will be tasked with verifying advisers are meeting the required standards in each of these areas. The SPS has sparked controversy after it was revealed advisers will be forced to renew their St...
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