View more on these topics

PFS certificate means nothing

Open letter to Mark Ommanney,Personal Finance Society.

I received the enclosed certificate on March 16 and am returning it to you as I feel it has no relevance to me at all.

This “Mickey Mouse” certificate means nothing to me as I did not work for any of it and frankly I think the designatory letters look ridiculous.

I did work for and received the Fellowship of the Life Insurance Association by Diploma in 1990 and I also worked for the Advanced Financial Planning Certificate and was awarded the MSFA in 1997.

To have these now subsumed into what in normal terms is a fairly short timescale is a bit of a disgrace.

I have not had the examining board of London University writing to me to revamp my old A levels which were taken some considerable time before those others, nor have I had notification that my other qualifications (which were taken in my early 20s – almost 40 years ago) are being altered.

Thank you, I will stick to what I have got. Thank goodness, I am also a Certified Financial Planner.

One wonders how long it will be before you decide to revamp the Mortgage Advice Qualification awarded by the Chartered Insurance Institute in November 2001. What are you going to rename that? I can hardly contain my excitement.

Harry Katz Norwest Consultants Stanmore, Middlesex

Recommended

Investment view

As the Isa season draws to a close with the end of the tax year, thoughts are turning to the big themes for IFAs in the coming months.

Event horizon

Last week, I looked at the Inland Revenue onslaught on the use of capital redemption bonds which sees corporate-held CRBs taken outside the chargeable-event rules. What will this move mean in practice?

FSA cuts paper rule for funds

Managers of authorised schemes operating under the FSA’s collective investment scheme sourcebook will no longer have to publish unit prices in a national newspaper from April.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment