CII to scrap adviser 'gap-fill' option in SPS applications
From August next year
Keith Richards: "Given the length of time that has elapsed since the introduction of the RDR it is now appropriate to end this transitional approach."
Advisers will no longer be able to use the ‘gap-filling’ option when applying for a Statement of Professional Standing (SPS), the Chartered Insurance Institute (CII) has announced.
The professional body said the option would be scrapped from the end of August 2021. It stressed the end of the option would not affect advisers who obtain an SPS through the gap-filling route before that...
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