CISI to apply for accredited body status

Professional bodies and other entities were permitted to apply for accredited body status from yesterday, after the FSA published its policy statement on professionalism. Accredited bodies will have an enhanced role, alongside the FSA, to supervise and enforce professional standards for individual advisers. They will be responsible for issuing advisers with a Statement of Professional Standing (SPS), which must be held by all advisers. Ruth Martin, CISI managing director, says: "There are many firms and advisers in the sector who have already worked hard to complete the qualificati...