The Chartered Insurance Institute (CII) is reviewing the existing standards and eligibility criteria for corporate chartered titles (CCT) to ensure they continue to underpin customers' expectations of a chartered firm.
The CII said chartered has been "hugely successful" in encouraging professionalism in the insurance and financial planning sectors and against this background the professional body will be launching an open consultation next month so that firms can express their views on a long term vision for corporate chartered titles.
The initial phase of the review has seen the CII undertaking a series of one to one interviews with stakeholders from across the insurance and financial planning sectors as well as facilitating a series of focus groups with consumers and small and medium enterprises.
The feedback from this early fieldwork will be published next month as an open consultation with members, non-members and other stakeholders invited to share their thoughts on what the standards and criteria that underpin corporate chartered status could look like in the future.
CII president Amanda Blanc said: "Chartered is widely recognised by customers as the ‘gold standard' and has been hugely successful in encouraging firms to embrace the challenges of professionalism.
"The CII is mindful of the importance of ensuring that any future CCT scheme is able to withstand robust scrutiny from the public.
"Consequently any long term vision for chartered must support the CII's mandate to ‘secure and justify the confidence of the public' in the insurance and financial planning sectors and recognise the importance of maintaining the reputation of the chartered brand."
The CCT review was commissioned by the CII Board. The development and progress of the review is overseen by the PFS Board and the Professional Standards Board.
