View more on these topics

CII handled 521 disciplinary cases in 2013

The Chartered Insurance Institute considered 521 disciplinary cases last year, reveals a report published today.

The annual report of the CII’s Professional standards board shows this compares to 525 cases in 2012.

The CII says a disciplinary case is one where it is alerted to a potential disciplinary issue. Of the cases identified in 2013, action was taken in 60 cases.

Some 210 of the cases related to failure to complete CPD, down from 274 in 2012. Of these, no action was taken against advisers, but 18 general insurance brokers had their designations removed.

Of the 311 non-CPD cases, 103 related to membership applications.

These cases will include those applying for membership who have criminal convictions or insolvency issues.

Other non-CPD issues include FCA final notices, court decisions, misuse of chartered titles, exam complaints and unprofessional conduct.

In one disciplinary case last October, former retail investment adviser Ewan King was reprimanded and expelled from membership of the CII for fabricating statements of professional standing.

The CII withheld publication of the case until the FCA announced in January King had been banned and fined £19,900 for fabricating the documents. 

Professional Standards Board chair David Hertzell says: “The CII’s professional standards are the cornerstone of its role as a professional body and the public and our members expect us to act if the code is breached.

“The CII takes this part of its role very seriously; disciplinary action is not an empty threat and we ensure that the necessary steps are taken to maintain the standards we expect to be upheld across the industry.

“While great progress has been made since the PSB was established 10 years ago it is important we remain vigilant.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm