Wednesday, September 12, 2007

Ensuring Insurance Competency!

The Chartered Insurance Institute (CII) is pursuing ISO 17024 in order to accredit their financial planning professionals to ISO 22222 (quality standard for personal financial planners).

Melanie Blackmore, director of Standards International, said:

"ISO 22222 could possibly be the top professional standard, it will be for higher end financial planners not general advisers."

The Institute of Financial Planning chief executive Nick Cann said it was also looking into becoming ISO 17024 accredited but would consult with members about the extra costs.

"I don’t think that professional bodies will have any more power over advisers if they can accredit them but I do think that it would bring consistency to the market and neutralise the debate about qualifications"

For the full article from Citywire go