CII hands chartered corporate status to 5 advice firms

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CII hands chartered corporate status to 5 advice firms
The Chartered Insurance Institute has said six firms have gained corporate chartered status. (Pexels/Nataliya Vaitkevich)

The Chartered Insurance Institute has awarded five advice firms corporate chartered status.

According to the CII, six financial planning and insurance firms have recently gained corporate chartered status. 

Chartered status is a “symbol of technical competence and signifies a public commitment to professional standards”. 

Melissa Collett, executive director of professional standards at the CII, said: “We are proud to welcome these firms into our chartered community.

"In achieving corporate chartered status, they have made a public declaration to professional standards, and committed to upholding the chartered ethos of nurturing knowledge, client centricity and serving society. 

“Corporate chartered status is a key instrument in building public trust and is a true mark of professionalism.” 

Firms that gained chartered status from January to February 2023 includes:

  • Aspire Wealth Management Ltd 
  • Darnells Wealth Management Ltd 
  • Informed Choice Ltd 
  • North London Insurance Group 
  • Lane Financial Management Ltd 
  • Progeny Wealth Limited.

Corporate chartered status involves a public declaration to professional standards that contains a series of commitments that are made openly and transparently, in public view. 

These commitments to the public include:

  • Ongoing people development
  • Align ethics and values
  • Customer-centric approach
  • Support initiatives that build public trust
  • Contribute to development of the professional.

Over the coming years, the CII said it was focusing on five priorities to ensure corporate Chartered status remains relevant and works effectively for all stakeholders: enhancing value; amending criteria to make sure they were relevant to changing business models; digitising the application and renewal procedures; changes to oversight arrangements; and expanding the criteria around core values and practices to encompass diversity and inclusion.