It’s been more than a decade since the three Corporate Chartered titles – Chartered Insurers, Chartered Insurance Brokers, and Chartered Financial Planners – were launched and four years since the criteria’s last revision… now it’s time to up the game once more.
Conducting a consultation until September 24, the Chartered Insurance Institute (CII) is seeking the views of insurance and personal finance professionals to ensure that Chartered never falls short of being the badge of trust for consumers. Currently there are more than 900 firms and divisions with Corporate Chartered status.
“We decided that the time was right to undertake a review of Chartered status to ensure the titles are fit and proper for the modern market, and that they are improving the profession and public trust in it,” explained the CII. “Our aim was to move Chartered status beyond a focus on qualifications and membership to include broader ethical criteria, and thereby truly represent best practice.”
The consultation will look into the areas of eligibility criteria, value proposition, process, oversight, and expansion. The CII said key findings will be published not later than early 2019.
“These are crucial times for the insurance and personal finance profession, with our recent work on the Public Trust Index highlighting clear areas to address,” commented CII chief executive Sian Fisher. “The CII constantly strives to maintain the standards of professionalism and we’re conscious of the need to always be evolving this support for our membership and the wider sector.
“This consultation on our Corporate Chartered proposition is essential to guide and focus our direction of travel.”