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New member designations

The letter from Harry Katz, PFS certificate means nothing,(Money Marketing, March 24) contains a basic misconception.

Harry still has the Advanced Financial Planning Certificate. What has changed is that the organisation granting designatory letters now has a new name and therefore new designations are appropriate.

It is impossible to be a member of the Society of Financial Advisers because that body no longer exists. The new body created by a merger of LIA and Sofa is, of course, called the Personal Finance Society and it has now awarded designations to its members.

For those members who have the Advanced Financial Planning Certificate, the designation is DipPFS. But the underlying examination record remains exactly the same. It is, in fact, those underlying examination records which we have used to determine entitlement to the new designations.

John Ellis
Public affairs director,

Personal Finance Society

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