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Out of touch

I notice that UK candidates for the chartered financial analyst exams did very well indeed. There is no doubt that this is an extremely rigorous and difficult exam requiring a huge amount of commitment from candidates.

However, I would like to point out that the charter status has absolutely nothing to do with the UK Privy Council. This is a qualification and attribute entirely run from the US.

As I have said so often in the past, it rather makes the CII’s efforts in applying to the Privy Council for charter status for the PFS look extremely silly, particularly, of course, as the designations CFP already belong to another body. Indeed, the CII is about as in touch with the real world as its compatriates at the ABI.

I am well aware of the PFS’s infatuation with medieval accolades but I simply cannot credit the obdurate overweening arrogance of this organisation. There can be no one within the PFS or the CII who is unaware of the Institute of Financial Planning or the Certified Financial Planner (CFP) accreditation.

They feel they have the right to ride roughshod. I only hope that the CFP licence organisation in the US sues the pants off them.

Harry KatzStanmore, Middlesex

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