Sofa has agreed its strategic plan to the end of 2005 which it hopes will be the first step towards turning the advisory industry into a profession.
The plan includes a review of Sofa's membership proposition for all members and it will also introduce a new category for those studying for the FPC exam, to be known as student membership. Sofa plans to offer a range of events such as study groups to support students.
It will continue to work with the CII to get a chartered title and will review its regional structure.
Sofa hopes to get the message across to consumers that membership of a professional body is an essential part of choosing an adviser as it means the adviser must keep up to date and adopt a professional code of conduct.
Managing director Bob Bullivant says: “We have consulted widely with members and the plan is the result of an intense period of activity. It is important for the industry that we encourage as many people as possible to enhance their knowledge. Knowledge is profit and knowledge is the basis for competence.”
Chairman Nick Bamford says: “This plan is the result of a period of intense work by the board and is the first step to achievement of our vision. Each board member will be working with the full-time secretariat to achieve challenging objectives.”