CISI confirms it will offer Chartered status to Certified members

Jenna Towler
clock • 2 min read

The Chartered Institute for Securities & Investment (CISI) has confirmed it will award financial planners with Chartered status.

The Sovereign approved the recommendation, which was made by the privy council, that the CISI may use the status for CISI members who have achieved the certified financial planner certification.

The criteria, which firms will have to meet to gain the award, will be published "soon" once they have been agreed by the CISI membership committee and board. Firms will also be able to bid for Chartered status.

CISI chief executive Simon Culhane said: "Almost six years after the institute merged with the Institute of Financial Planning (IFP), we are delighted to be able to award this group the highest level of recognition, Chartered Fellow (financial planning).

"Those CISI members who hold the CISI Chartered wealth manager qualification have long been recognised by their peers, so it is a delight that we can now similarly do so for financial planners."

Culhane continued: "Once we've put into place some key internal processes, we look forward to receiving applications for these new Chartered designations from our firms and members which will ultimately enhance consumer confidence in our profession worldwide.

"This is part of our ongoing work to increase the professionalisation of CISI global members, for which we have worked since our formation in 1992 and builds upon our motto ‘My word is my bond'."

Morgan Williams financial adviser Daniel Williams said the move was a "real positive" for advisers who operate under the CISI. "As an industry, we are always trying to move forwards and it is great that professional bodies are working to move with the times.

"I am sure that there will be a sense of jubilation having (finally) achieve approval. I hope the advisers who will be taking advantage of their new Chartered status will use it to demonstrate to their clients the hard work and achievement it represents.

"It's a great reflection on how our profession has transformed over a relatively short period of time. Whilst I am sure many will see this as competition between the CII and CISI, both routes and accreditations have their merits and ultimately it is great for firms to have a choice of which body best represents what they are trying to achieve."

More on Featured

"The Coronavirus Act 2020 includes provisions to allow the extension to any of the powers contained within the bill and this issue should be raised urgently in government," said Graham Crossley, NHS pension specialist at Quilter.

End of Covid pension rules could see 7,000 NHS staff retire in March - Quilter

'Urgent action needed'

clock 17 January 2022 • 2 min read
Standard Life defaults move to sustainable multi-asset

Standard Life defaults move to sustainable multi-asset

Master trust, Active Plus and Passive Plus funds will have outcomes focused portfolio

James Phillips
clock 12 January 2022 • 2 min read
"Uncertainty surrounding pension policy has become an accepted reality by UK savers throughout the previous decade. However, Covid-19 appears to have placed many pension policies under a very real threat." - Andrew Megson

Andrew Megson: How can the government restore faith in pension policy?

Crisis of confidence

Andrew Megson
clock 12 January 2022 • 4 min read


Premium pains: How adviser firms can try to lower PI costs

Premium pains: How adviser firms can try to lower PI costs

Including five tips

Jon Yarker
clock 10 January 2022 • 6 min read
How PROD impacts adviser firms' platform selections

How PROD impacts adviser firms' platform selections

'You need to take PROD seriously'

Hannah Godfrey
clock 11 January 2022 • 8 min read
Problem providers: Stick or twist for the sake of your firm's efficiency?

Problem providers: Stick or twist for the sake of your firm's efficiency?

Months for responses

Hannah Godfrey
clock 22 November 2021 • 7 min read