In 2005 the Privy Council granted the Chartered Insurance Institute (CII) the power to award Chartered Financial Planner status to those financial advisers that had successfully completed a suite of advanced level professional qualifications and who could demonstrate a minimum of five years experience working as a financial adviser. This advanced technical knowledge and practical experience enables Chartered Financial Planners to offer a more sophisticated level of financial planning.
Over 4000 advisers, representing the top 12% of the profession, have achieved Chartered Financial Planner status.
Chartered status brings with it serious obligations. Holders are required to ensure the advice, service and ongoing support they provide is:
- of the highest quality
- based on the client's researched needs
- provided by someone operating within their level of competency.
Holders meet this in a number of ways:
- a commitment to professional development, including attaining the highest qualifications
- belonging to PFS, including adhering to the PFS Code of Ethics
- adhering to continuing professional development requirements.
Genuine professionalism has never been so valued - or so necessary. The Chartered titles awarded by the CII are steeped in history, but they remain today's "gold standard" of excellence and integrity.