Three leading Chartered Professional Bodies have joined forces to enhance and sustain the level of professionalism and trust in the financial services sector.
The Chartered Insurance Institute (including the Personal Finance Society), the Chartered Institute for Securities & Investment and the Chartered Banker Institute have today launched the Chartered Body Alliance (the Alliance), to help consumers recognise the benefits of engaging with qualified sector professionals.
While retaining their own identity, governance and areas of expertise, members of the Alliance have published the "Chartered Body Commitment", stating how they will work together to achieve greater public benefit by raising professionalism and trust across financial services and promoting high standards across the sector.
Under a common brand, members of the Alliance will embark on a range of initiatives, including jointly promoting the importance of professional status, establishing a level of qualification that can be recognised as representing the "gold standard" across the sector, hosting joint events, and seeking to respond with a united voice to sector consultations that affect members across all three professional bodies.
While the activities of each body focus on different areas of financial services, between them they cover a wide range of activities including wealth management, insurance, financial planning, banking and capital market activities.
The Alliance's joint membership of almost 200,000 professionals have much in common, and by working together can demonstrate a substantial collective commitment to enhancing professionalism and improving public confidence and trust in financial services.
Sian Fisher, Chief Executive of the Chartered Insurance Institute
"This alliance is all about inspiring public confidence and trust in professional standards, fitting perfectly with the CII's recently launched Strategic Manifesto. I am looking forward to working with other Chartered professional bodies, as well as with our combined network of members, to develop a united voice for promoting professionalism and improving public trust and confidence in the financial services sector."
Simon Culhane, Chief Executive of the Chartered Institute for Securities & Investment
"We are delighted to be one of the three core participating professional bodies in this important initiative. We want consumers to be reassured when they interact with a member of a Chartered Body, and recognise that these individuals have the right knowledge and skills, and adhere to the highest standards of integrity. Chartered or Certified designations possessed by Alliance members are a mark of authenticity, quality, reliability and trust."
Simon Thompson, Chief Executive of the Chartered Banker Institute
"We are delighted to be one of the founding members of the Chartered Body Alliance. I believe that having three of the leading professional bodies in financial services working more closely together will help to enhance and sustain professionalism in financial services and lead to an improvement in public confidence and trust, and to a renewed sense of pride within the profession."
About the Chartered Institute for Securities & Investment (CISI)
The CISI's mission is to help members attain, maintain and develop their knowledge and skills and to promote the highest standards of ethics and integrity in the securities and investment industry.
Based in the City of London, the CISI is a global organisation with representative offices in financial centres such as Dublin, Singapore, Hong Kong, Manila, Dubai, Mumbai and Colombo. We work in close cooperation with regulators, firms and other professional bodies worldwide and over 40,000 examinations were sat in 80 countries in the last twelve months.
With 40,000 members in 116 countries the CISI is the professional body which sets examinations and offers qualifications for those working, or looking to establish a career in the financial planning, wealth management and capital markets industry.
About the Chartered Banker Institute
The Chartered Banker Institute ("the Institute") is the oldest professional banking institute in the world. The Institute was founded in 1875, operates in all UK nations, and has a significant and growing international presence
The Institute has driven an agenda of ethical professionalism throughout its existence; promoting professional standards for bankers, providing professional qualifications for retail, commercial and private bankers in the UK and overseas, and offering professional membership to qualified individuals. The Institute currently has over 30,000 members.
Follow the Chartered Banker Institute on Twitter: www.twitter.com/charteredbanker