The Institute of Financial Planning is threatening legal action over the use of the letters CFP by the CII.The IFP says the CII’s decision to launch its chartered financial planner qualification und-ermines its own certified financial planner accreditation. At its AGM last week, IFP president Ian Shipway pledged to do whatever necessary under trademark law to “protect the integrity of the CFP mark”. He accused the CII of deliberately creating confusion with the launch of its chartered financial planner status and said people were already referring to both CII and IFP qualifications as CFP despite the Privy Council banning the CII from using the abbreviation. IFP solicitors have written to the Privy Council demanding that it comes up with a different name. Shipway says: “I have little doubt that those who were responsible for deciding on these titles knew exactly what they were doing.” But CII group public affairs director John Ellis says: “We have made it clear we never wanted the qualification to be abbreviated as it loses its power.”
The Chartered Insurance Institute is criticising the FSA for its proposals in CP 05/10 to remove customer controlled functions from the regulatory regime. The CII is stressing the importance of direct regulation of all individuals dealing with customers, rather than just senior personnel. The FSA is calling for the abolition of customer controlled functions when […]
Fidelity International is slashing the cost of its online trading through ShareNetwork, which is being opened up to non-Fidelity clients.Costs for online trades will be cut from 13.50 to 9, regardless of size or frequency of transaction.Investors who join ShareNetwork will also receive full personal membership of Crest, the online share registration and settlement service […]
I have always appreciated the unusual or the quirky. The venue for the IFP conference for the last two years has certainly been both. As you enter, you are greeted by a statue of Atlas (I presume) holding up not the world but the circular ceiling in reception.
All protection providers should reveal their claims statistics to improve understanding and decrease instances of non-disclosure by clients, according to Abbey for Intermediaries. Head of life and health propositions (protection) Sue Wilkinson made her call as ScotProv released its critical-illness claims data for January to June 2005. The data shows that the majority of unsuccessful […]
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]