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Home > Training > Adviser Guides

Q: What is a statement of professional standing?

A Statement of Professional Standing is a certificate that confirms an adviser has met certain requirements.

By Emma Ann Hughes | Published Jun 21, 2012 | comments

To obtain a Statement of Professional Standing an adviser must:

1) complete a QCF level four qualification that appears on the list of appropriate qualifications in the FSA Handbook and includes any required qualification gap-fill;

2) complete an annual programme of a minimum of 35 hours of CPD that meets the requirements laid out by the FSA. This requirement is optional for applications up to and including 31 December 2012. From 1 January 2013 onwards this requirement is optional for advisers who completed their level four qualification in the preceding 12 months;

3) act in accordance with FSA statements of principle and code of practice for approved persons;

4) agree to adhere to an organisation’s code of ethics; and

5) Pay any associated fees.

It will be a requirement from 1 January 2013 for all financial planners to hold an SPS.

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