View more on these topics

CII handled 525 disciplinary cases in 2012

CII-building-2013

The Chartered Insurance Institute dealt with 525 disciplinary cases last year and saw a 35 per cent increase in non-CPD cases such as criminal convictions, FSA final notices and unprofessional conduct.

The CII professional standards board annual report, published last week, shows there was a total of 525 disciplinary cases during 2012, of which 274 related to CII qualified members who had not completed the continuing professional development requirements.

The CII says it cannot provide a breakdown for how many cases resulted in disciplinary sanctions such as being excluded from CII membership.

Out of this year’s total number of cases, 253 related to non-CPD matters, with some cases covering more than one category of offence.

Of the non-CPD cases, 148 related to membership applications where there issues such as criminal convictions or insolvency.

The other non-CPD cases cover conduct issues such as misuse of designations, exam complaints, FSA final notices, criminal convictions or bankruptcies not disclosed by members, and issues relating to unprofessional conduct.

In 2011 the CII handled the same number of disciplinary cases, with 188 relating to non-CPD cases.

Among the CPD cases, the CII says most people comply with the requirements during a 30-day grace period before designations are removed.

The report says: “The CII disciplinary and appeals process aims to protect the public and uphold the standards and reputation of the CII and the insurance industry.”

Thameside Wealth director Tom Kean says: “It is slightly murky the CII cannot provide details on the number of sanctions, I wonder what it is trying to hide. I am staggered that the CII has that many bad apples that deserved to be disciplined.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment