It is with some sadness I came across a letter in last week’s Money Marketing from Tom Gardner criticising Brocha Simon’s commendable desire to complete the IFS’s Cefa and Cemap at the age of 16.
I was shocked to read such backwoodsman-like comments, especially following the publication of the FSA’s RDR new minimum qualification proposals.
The whole industry should be promoting the example of this young girl, which can only place the industry in a positive light. Brocha fully understands the importance of the correct advocacy of financial advice and will not be advising clients until a much later stage in her studies and career.
In September, she will be studying, together with her A levels,the IFS’s certificate and diploma in finan-cial advice. Thereafter, it is her intention to study for the CII’s diploma and eventually study further for chartered status before becoming authorised to advise. This is the normal path for any young person entering into a proper profession such as accountancy or law.
Mr Gardner’s opinions only encourage the authorities to consider that all practitioners in the financial services community share his views.
Mr Gardner, look around. The industry is being forced to change so be part of the change or leave. Furthermore, please do not besmirch an already tarnished industry with envied sentiments and do not criticise those individuals and institutions who are assisting this young girl without payment and for the greater good of the industry.
BA(Hons) FCIB ACII APFS
chartered financial planner