View more on these topics

CII takes action over CPD failings

More than half the Chartered Insurance Institute’s disciplinary action in 2012 were due to failings in members’ continual professional development.

The CII’s Professional Standards Board annual report has revealed there were 525 disciplinary and eligibility cases taken up against its members last year, of which 274 were against CPD defaulters. The annual report says the majority of CPD defaulters took action to get their CPD up to date before the disciplinary process was completed.

Of the remaining 253 non-CPD disciplinary cases, 148 were related to membership applications including criminal convictions and insolvency issues.

Professional Standards Board chairman David Mcintosh QC says a robust approach to self-regulation is an important part of building and maintaining professionalism in the industry.

He says: “As someone who has seen the pros and cons of how other professions are regulated – at least in a statutory sense – I believe it is important the profession gives active support to robust self-regulation.

“This model, if it functions well, can provide a more flexible and voluntary route to raising standards in the public interest.”


Swip UK equity manager James Clunie to join Jupiter

Scottish Widows Investment Partnership UK equity manager James Clunie is to join Jupiter Asset Management. Clunie is joining Jupiter in July and will help develop its total return and equity long-short offering. Clunie, who has been at Swip since April 2007, managed the managed the £51.8m Swip UK Flexible Strategy fund, £116m Swip UK Opportunities fund, £46.7m Scottish […]

Will advising on securities increase the risks for advisers?

Advising on and dealing in direct securities has historically been the preserve of stockbrokers rather than financial advisers. The extra regulatory requirements, with the burden of additional capital requirements and costs, have traditionally discouraged many financial advisers from involvement in direct securities. Before the introduction of the RDR earlier this year, the lack of commission […]

FCA charges eight men with land banking fraud

The Financial Conduct Authority has charged eight men with land banking fraud and carrying out a regulated activity without authorisation. The offences relate to the period between August 2008 and November 2011 and arise out of Operation Cotton, an FCA investigation into land banking firms. Scott Crawley, Daniel Forsyth, Ross Peters, Aaron Petrou, Ricky Mitchie, […]


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 thought leadership.

    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