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MPs support chartered status

Over 90 per cent of MPs believe advisers in the top tier proposed in the retail distribution review should be qualified to chartered status.

In a survey by the Chartered Insurance Institute, 92 per cent of MPs say advisers should be qualified to chartered status in line with other chartered professions.

When asked to assess advisers in terms of professionalism, 1 per cent of MPs rate them as very good, 13 per cent as good, 49 per cent as average, 26 per cent as poor and 9 per cent as poor.

Doctors score highest of all professions, with 34 per cent rated as very good, 40 per cent good, 17 per cent average and 7 per cent poor.

The CII questioned 104 MPs, comprising 46 Labour, 41 Conservative and 17 from other parties.

Director of policy and public affairs David Thomson says: “These findings reflect the external perception of the profession among politicians and the public at large. The fact that MPs support improved professionalism as part of the RDR solution is a warning that we need to make progress towards higher standards.”

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