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PFS selects Chartered Champions

The Personal Finance Society has named its latest regional Chartered Champions as part of its initiative to boost the profile of chartered status.

The twelve financial planners selected by the PFS will act as local advocates in promoting chartered status in their region.

The selected financial planners are:

  • Martin Vaughan, Paragon Paraplanning, for the East Midlands region
  • Simon Cole, Old Mill Financial Services, for the Exeter and North Devon region
  • Tim Cotton, Money Wise IFA, for the Hampshire and Dorset region
  • Lee Smythe, Smythe & Walker, for the Kent region
  • Sarah Lord, Killik, for the London region
  • Susie Hill, SCM Financial Planning, for the London region
  • Ruth Sturkey, The Red House Consulting, for the London region
  • Tony Laverick, Argentis Financial Management, for the Surrey region
  • Patrick Murphy, Bluefin Advisory Services, for the Surrey region
  • David Bowman, Ashcourt Rowan Financial Planning, for the Stamford region
  • Philip Grafton, Blandy & Blandy, for the Thames Valley region
  • Jonathan Walsh, Employee Benefit Solutions, for the Thames Valley region

PFS chief executive Fay Goddard says: “Chartered status is a recognised brand in itself and consumers value it as an indication of merit, capability and commitment to ethical practice. Chartered financial planner status is relatively new to the chartered family, so the benefits need to be promoted to the sector and the public.”



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There are 13 comments at the moment, we would love to hear your opinion too.

  1. Nothing like trying to drum up a little business.

    Is the CII feeling the cash flow pinch?

    I never did buy into the big deal of ‘chartered’. The best financial services qualification is CFA, but that hasn’t been within 3,000 miles of the Privy Council as it is a US qualification. But in common with the original CFP qualification offered by the IFP it is at least an international award. Unlike the CII version.
    That doesn’t mean it isn’t a worthwhile achievement, but as ever it seems that the awarding body is more concerned with their profit margins than anything else.

  2. Do will Chartered Champions ever get Complaints? 11th July 2011 at 5:28 pm

    Do will Chartered Champions ever get Complaints? Let us look at the reality.

    Prospective solicitors must first possess a qualifying law degree, or if they have a non law degree but one which is a “qualifying degree” have then in addition completed a conversion course. Then all prospective solicitors must enroll with the Law Society as a student member and take a one-year course called the Legal Practice Course and then usually undertake two years’ apprenticeship, known as a training contract, , This training contract was formerly an articled clerkship. So a six years of training and exams!
    Complaints record for solicitors!

    The Legal Complaints Service (LCS) investigates complaints about solicitors handling over 300 complaints a day:

    The Solicitors Disciplinary Tribunal’s (SDT – a division of the High Court) Annual Report to April 2007 revealed that up to 17,000 Solicitors per years were reported to the Law Society for action.
    When you bear in mind that the LCS can only look at a case against a solicitor within 6 months of the act being complained of and they can only investigate maladministration and fee disputes that’s a pretty high figure for a ‘fee-based expert’, especially when you realise that the IFA is subjected to an unappealable, compulsory, summary jurisdiction making awards as great as £150,000 and all with no protection from the Statute of Limitations and no 15 years long stop.
    Six years of exams and a very restricted complaint definition didn’t stem complaints against solicitors!
    and won’t help Chartered Champions either!

    Do GP’s get complaints?
    Within the UK to become any type of doctor, you must first complete a degree in medicine. This degree is extremely competitive, and high school grades e.g. AAB-AAA at A level are required, as well as good GCSEs. In addition you will be interviewed and may need to take one or more extra exams, such as UKCAT or BMAT. Studying medicine usually takes about five years and you end up with a bachelor of medicine and bachelor of surgery; this is necessary in order to start further medical training. You will then complete a two year foundation programme, doing rotations in different medical specialties. Following this, you must complete a GP registrar training scheme, and complete exams set by the Royal College of General Practitioners, which will lead to entry on the General Practice Register.

    According to a 2005 census survey there are 35,302 GPs in England. The complaints relating to GPs are collated via an aggregated annual return of the total number of complaints made against Family Health Services. For 2009/10 there were 3,515 complaints made against made against Family Health Services, which represents 9.95% of all GPs.

    Seven plus years of exams didn’t stop their complaints


    The FSA has helped to creates missales by applying rules to previous sales – even where those sales were regulated by earlier FSA rules and were compliant at the time of the original sale.

    It is wrong for the PFS and Fay Goddard to site consumer complaints as the driver for higher educational standards when many of those same complaints are a result of a FSA retrospective redefinition of regulatory requirements. Consumer complaints will “never” reduce unless the FSA applies the rules and standards in place at the time of the sale and not some retrospective reconstruction. The FSA/FOS must be made accountable to the courts by way of an appeal with regard to any complaint so that they are stopped from acting with hindsight or inverting the burden of proof, which would otherwise apply.

    Walter Merricks former Chief Ombudsman: “I think it would be unwise to count on the assumption that complaints from the retail investment world are suddenly going to go down as a result (of the RDR)”

  3. I’m a Farming Champion. To prove my credentials have a signed certificate to put up on my wall and a little badge to wear. What did the CII give the Chartered Champions?

  4. Malcolm Coury (Managing Director) 11th July 2011 at 6:38 pm

    I’m astonsihed at the cynical and sometimes negative response to this article. Our man Tim Cotton of Money Wise IFA Ltd (not Money IFA) is both Chartered and Certified and one of the best salesmen and managers we have. Let’s have a few less chips on shoulders, shall we! Embrace qualifications and show respect for our professional organisations and the individuals willing to put the time in to gain the top honours.

  5. Some people must have too much time on their hands.

  6. Take it we don’t representation in the North of England?

  7. You would need to be CERTIFIED to promote FS as a career
    Why should we respect “your man” Malcolm? because he is a good salesman & manager?
    So are many others.
    Fay Goddard is so full of herself it is sickening. She would be nothing if it were not for the fact that she is able to live off others hard work.

  8. It’s a real shame that so many people in this industry are so jaded. Many people, young and old, have spent their working life in this industry, building businesses or maintaining client banks, whilst using their spare time to study hard for their qualifications. They believe in what they are doing and want to make the industry a better place for both advisers and clients alike.

    I say massive congratulations to all of the Chartered Champions (who I don’t believe get remunerated in any way for this added responsilibilty) and also Faye Goddard, for working hard, getting where you are today AND trying to help others acheive the same.

    I am angry because I know first hand how hard these people work. Negative comments like some posted here just serve to prove that this industry is not the right place for some people. Let’s see if they are still around in 2012……….

    This response was typed before some negative comments were removed & is addressed to the writers of those comments, you know who you are.

  9. I do and I stand by my comments which you, no doubt, could not cope with, so had them removed.

  10. How did you get your farming certificate Linda Hulls, counting sheep? I graduated as a chartered financial planner having taken a number of exams, and yes after my graduation ceremony I was awarded with a certifcate and a have a lapel badge. Solicitors and accountants recognise my qualification for the effort and learning I have undertaken to get it. How many sheep did you have to count to get yours?

  11. Wonderful
    Chartered Fps complaining about other peoples negative comments, then slagging off other professions, whilst maintaining that they alone are the true professionals we must all treat as paragons of virtue.

  12. As one of the newly appointed chartered champions, I would like to add a few comments. There is no regulatory requirement for financial advisers to become chartered so I fail to understand why one commentator thinks that the PFS is drumming up business by promoting chartered. For those who have achieved the diploma qualification in preparedness for RDR it would seem a logical progression to continue their studies and achieve the Advanced Diploma and Chartered. We are promoting ‘chartered financial planner’ because we believe chartered is a title that is recognised by the public as a marque of a profession. The Privy Council awarded the CII the title of chartered financial planner in December 2005 and it has taken 5 years for the numbers to have become sufficiently significant, over 2,500, and geographically spread for us to be in a position to advertise ‘chartered financial planner’. I have seen the sense of achievement and pride of PFS members and their families who for whatever reason were unable to take a university degree when they graduated as a chartered financial planner. I believe there are many more PFS members who would enjoy the same achievement, and I intend to encourage them to take the chartered journey.

    As with solicitors and accountants I believe there will be a time when chartered or certified will be mandatory for financial planners, perhaps not by the end of my career but it will be for someone joining our profession now. I would like to encourage all young PFS members to study and become chartered.

    And to Linda Hulls; I do have a certificate from the CII ‘Chartered Financial Planner’ and I have a small enamel ‘chartered’ badge, I wear mine knowing I am among a growing band of chartered financial planners who seek to raise the awareness and credibility of our profession.

    To the commentator who made the somewhat irrelevant remarks linking chartered champions with complaints procedures; there is a complaints procedure for financial services -The Financial Services Ombudsman. Also as with any professional organisation the PFS, as part of the CII, has an independent disciplinary committee which handles complaints about its members.

    The post of chartered champion was created early last year; we have 33 posts in 24 regions, and yes there is a post in the north, plus 2 in Scotland and another in Northern Ireland. Our champion in Leeds has been very successful in promoting and engaging local law and accountancy firms with chartered financial planners. The regional PFS newsletter generally has a chartered article and details of the local representative; to anyone who hasn’t heard, each region holds a series of local chartered dinners throughout the year, so get your name down and get invited, it’s great for networking.

    To those who have made generous and positive remarks thank you, your support is very welcome, for those who have been cynical I pity, as they will be left out in the cold. I ask those who made offensive and personal remarks to read their submission before pressing send, no-one thinks you are clever or funny, I assume you lack courage or you wouldn’t remain anonymous.

  13. “There is no regulatory requirement for financial advisers to become chartered ”
    Not at the moment anyway.

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