Jacqueline Lockie, CISI head of Financial Planning says she believes the desire to "do the right thing" in choosing a Financial Planning career will appeal particularly to young recruits looking for a long-term career choice.
The new CFP certification, following two years of extensive review will, at Level 7 on the UK National Qualifications Framework, be the UK’s highest level qualification for Financial Planners.
Ms Lockie said: “The CFP ethos is based on qualifying professionals to work with both individuals and families to help review all aspects of their financial affairs.
“The aim is to recommend to the consumer practical, easy-to-understand, holistic solutions for every life stage.
“The 360 degree, holistic approach offered by the CFP pathway means that consumers are engaged in a two-way conversation with a Financial Planning professional who puts their financial well-being and life goals first, with any discussion on products featuring at the end of this advice process.
“The new generation of young people choosing Financial Planning as a career want to act with integrity and do the right thing for the consumer, and the CFP designation is the globally respected credential which can match their personal ethics.”
She added: “It has been 10 years since the CFP was last reviewed. During this time both the market and the complexity of the financial advice required has changed.
“The new Level 7 recognises this complexity and now equips the licence holder with the skills to meet this demand.”
The new CFP course workbook is now available, with a sample exam paper ready in July 2019.
The first exam sitting will be on 19 September 2019.
An FAQ on the new CFPTM pathway, including all transitional information, can be found at cisi.org/cfp