IFP will apply for FSA accreditation

Laura Miller
clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Kevin Bailey and James Sullivan also unpack what value looks like

Professional Adviser
clock 04 July 2025 • 1 min read
Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Considered prescribing how firms should support ‘vulnerable consumers’

Isabel Baxter
clock 30 June 2025 • 2 min read
Targeted support: 38,000 current advice users expected to switch

Targeted support: 38,000 current advice users expected to switch

Firms could generate up to £499 in revenue per customer

Isabel Baxter
clock 30 June 2025 • 4 min read