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Personal Finance Society
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FAQs


The FAQs aim to answer the most frequently asked questions.

Q1. What does an individual have to do to be eligible for the title?

For an individual to be awarded the Chartered Financial Planner title they must:

  • hold a professional level CII qualification: Advanced Diploma in Financial Planning (CII qualifications equivalent to first degree level)

  • Have five years' relevant industry experience (not necessarily post-qualification)

  • Be a member of the Personal Finance Society

  • Adhere to the CII's/PFS's Code of Ethics

  • Be able to demonstrate that their continuing professional development (CPD) is up to date and commit to an ongoing programme of CPD. 

Q2. Which CII approved qualifications are suitable?

An individual will need to hold the Advanced Diploma in Financial Planning (or equivalent).

Q3. What, if any, other qualifications/exams will the CII recognise as part of an individual's qualifying portfolio?

The CII recognises, through the award of credits, an extensive array of qualifications from other awarding bodies through its recognition of prior learning service. Note: to be awarded a CII qualification, you must obtain, by CII examination or coursework assessment, a pass in a unit from the qualification that you are looking to complete, and meet the qualification completion requirements. 

Q4. Can someone who meets the qualifying criteria just start using the title?

No, they must apply to the CII first so that the necessary checks can be undertaken and approval given. 

Q5. What rules govern the use of a Chartered title?

Holders of the title must comply with the CII's membership requirements, including adhering to the CPD scheme requirements, and abide by the Code of Ethics

Q6. Is there a CPD requirement prior to applying for the title?

An individual must be up to date with their CPD; new and existing members must comply with the CII's CPD scheme requirements.

Q7. How much will it cost someone to apply for and maintain the title?

The annual membership fee for UK Chartered Financial Planner status is £219 and replaces any existing membership fee paid. The new fee will be effective from the next renewal for existing members. This fee applies until 31 December 2012. More on pricing »

Q8. Can someone who qualifies for two Chartered titles use both?

No. CII members will be able to apply for one title only. This title applied for should reflect the majority of the work they carry out. 

Q9. Will the CII charge a fee to existing Chartered title holders wishing to transfer to a different title e.g. from Chartered Insurer to Chartered Insurance Broker, due to a change in job role?

No. You simply need to contact CII Customer Service. Please note that, in the case of switching from an insurance Chartered title to Chartered Financial Planner, or vice-versa, you will need to satisfy the different qualification eligibility criteria that apply. 

Q10. Consumers just want a good deal from their financial products. How is Chartered status going to help?

The establishment of Chartered status introduces a new, internationally recognisable benchmark of quality and ethical practice for general insurance and financial advice professionals. This will reassure consumers as, for the first time, general insurance will be elevated in the public eye to the same standing as other Chartered professions. All holders abide by a Code of Ethics and the CII has the sanction of a disciplinary process against members should this be necessary. This represents the first step in an evolving process. The CII will work with practitioners to ensure the standards and practices associated with a professional body are established and maintained within general insurance industry. 

Q11. How can I show to the public I hold the title?

You can the Chartered title (in writing a descriptor or the marque) on personal communications such as business cards, stationery, e-mail sign-offs, etc.

Download the Chartered marquee and usage rules »

The CII has produced an online searchable database for members of the CII and the public www.cii.co.uk/membersearch. The database includes an option to display only members who hold a CII Chartered title and is available here.

Chartered Individuals

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Members get access to a range of benefits, including quality CPD and discounts on CII exams.