The number of chartered financial planners in the UK has doubled in the past three years, rising 24 per cent in just the past year, according to figures released by the Chartered Insurance Institute (CII).
According to the figures, there were 3,513 individual chartered financial planners in the UK as at March 2013, up from 2,839 in March 2012.
The number of chartered financial planning firms is also up 24 per cent in the past year, from 404 to 502.
“We believe chartered titles have a big role to play in securing the successful development and reputation of the insurance and financial planning sector,” said a CII statement.
“Part of our role as a professional body is to ensure our members develop the highest standards of professionalism and to promote the fundamental values of professionalism to our members and the public.
“With more and more individuals taking on higher levels of qualification, we are optimistic about the future growth of numbers of chartered title holders, and the higher standards of professionalism this will reinforce across the sector.”
The figures come as the UK financial planning industry comes to terms with the implications of the FOFA-like Retail Distibution Review reforms.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 15 Nov 2018We’ll lose advisers through FASEA but it’s necessaryBy Adrian Flores
- 15 Nov 2018ASIC flexes its muscles at independent advisersBy James Mitchell
- 15 Nov 2018FPA hands down $50,000 fine on Sam HendersonBy Adrian Flores
- 15 Nov 2018Adviser reviews critical to client retentionBy Adrian Flores
- 14 Nov 2018ASIC bans financial services representativeBy Eliot Hastie
- 14 Nov 2018Fintech should make advice ‘enjoyable’By Adrian Flores
- view all