SPS

Adviser faked SPS documents twice

Adviser faked SPSs

Advisers have accused the Personal Finance Society (PFS) of creating a "two-tier membership" after it emerged some will be left out of the new version of the organisation's adviser database and will not have the same details displayed on their profiles...

The Personal Finance Society (PFS) has said it wants to put accredited financial advisers "at the public's fingertips" with the relaunch of its adviser directory.

A former investment adviser has been fined £19,900 and banned by the Financial Conduct Authority (FCA) for fabricating his Statement of Professional Standing by using a template he found online.

Personal Finance Society (PFS) CEO Keith Richards has praised advisers for showing strength and resilience in the wake of the Retail Distribution Review (RDR), after Financial Conduct Authority (FCA) figures suggested intermediaries are re-entering the...

Thousands of advisers have yet to obtain their mandatory statement of professional standing (SPS), according to figures from accredited bodies.

SPS

FAQS

Every adviser will need a statement of professional standing (SPS) - effectively a practicing certificate for financial intermediaries - to continue seeing clients from 1 January 2013. But what exactly are they? And will clients care?