Chartered bodies push for better information sharing about individuals

CII, CISI and CBI form alliance

Victoria McKeever
clock • 2 min read

The Chartered Body Alliance has urged regulators, firms and professional bodies to work together to tighten the fitness and propriety assessments of financial services professionals.

Made up of the Chartered Insurance Institute (CII), the Chartered Institute for Securities and Investment (CISI) and the Chartered Banker Institute (CBI), the alliance wants processes to be tightened to ensure information loopholes are closed to prevent "bad apples" from re-circulating within the industry. The body set out its proposals in response to the Banking Standard Board (BSB) consultation on certification and risk, which provided guidance in the area. It called on the BSB to tighten its guidance in three specific areas: 1 Professional membership issues The Chartered Body ...

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 Your profession

SimplyBiz CEO warns of advice sector 'polarisation'

SimplyBiz CEO warns of advice sector 'polarisation'

Important to continue supporting smaller firms, Tom Hegarty tells PA

Isabel Baxter
clock 24 July 2025 • 5 min read
PFS invests £1m in future talent

PFS invests £1m in future talent

Key that financial planning tackles 'mistrust' and knowledge gaps

Sahar Nazir
clock 23 July 2025 • 2 min read
Women in Financial Advice Awards 2025: Shortlists revealed!

Women in Financial Advice Awards 2025: Shortlists revealed!

All the winners will be announced at a celebratory gala dinner on 12 November

Professional Adviser
clock 23 July 2025 • 9 min read