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CII handled 521 disciplinary cases in 2013

The Chartered Insurance Institute considered 521 disciplinary cases last year and took disciplinary action in 60 of them.

The annual report of the CII’s professional standards board revealed the figure which compares with 525 cases in 2012.

The CII says a disciplinary case is one where it is alerted to a potential disciplinary issue, which may or may not lead to further action.

Of the cases it handled in 2013, 210 related to failure to complete continuous professional development. 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 included those applying for membership who have a criminal conviction or insolvency issues.

Other issues included FCA final notices, court decisions, misuse of chartered titles, exam complaints and unprofessional conduct.

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

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

Professional Standards Board chair David Hertzell says: “Disciplinary action is not an empty threat and we ensure the necessary steps are taken to maintain the standards we expect across the industry.”


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