The CII says the certification is open to experienced advisers that have achieved the diploma in financial planning or equivalent.
The assessment process focuses on the financial planner’s practical skills and includes a review of client files and structured interview questions. The assessment takes place at the financial planner’s place of work.
The CII says the BS ISO 22222 certification demonstrates that a financial planner has achieved an “internationally recognised level of competence in the six stages of the financial planning process, has completed relevant CPD and adhered to an ethical code of conduct”.
PFS chief executive Fay Goddard says: “We are very optimistic about the positive benefits for advisers of achieving ISO 22222. The standard goes beyond examination and measures an adviser’s ability to do the job.
“I am pleased to see the CII leading the field as an assessor, as accreditation of the ISO standards provides yet another option for advisers to gain credits towards higher qualifications and the standard supports the RDR proposals.”