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Is this a charter for confusion over qualifications?

Am I the only financial planner who feels he has been led up the garden path by the Chartered Insurance Institute regarding chartered status?

On its website, the CII proudly proclaims that it is the gold standard that all aspire to. I started working towards chartered status before the RDR was an FSA dream and, like a lot of advisers, I have been diligently been working towards it while not worrying about the RDR, as surely having chartered status would mean I was compliant.

You can imagine my surprise when I used the gap-fill analysis tool on the CII website and find that I am so far away from being RDR-compliant that it would be laughable if it were not for the money and time I have spent on CII exams to date.

What is even more of a shock is that despite holding G60 and G10, two of the main areas where I am deemed to be lacking is personal tax and pension planning.

All my previous exams appear to be worthless and I may as well start again. Then again, I might just leave the industry and leave the public to the banks.

I would urge any members of the PFS/CII to question their local representatives as to why this ridiculous situation has arisen.

Sean Kelly,
DipPFS

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