The seemingly "endless" list of industry qualifications such as the ISO22222 and the BS8577 are becoming a "cash cow" and are "unnecessary", says one adviser.
Director at Cardiff-based Create Wealth Management Stephen Ng voiced his doubts to IFAonline about the proliferation of qualifications related to the advice process. He cited the the BS8577 which was launched in May, the ISO22222, launched in 2008, as well at the Kitemark qualification that certification body Standards International is currently proposing, as examples of additional exams that may be unnecessary. The ISO22222 is an international financial planning standards certification and the BS8577 is a British Standard for financial planning firms which assesses firm processes. ...
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