The deadline to ensure successful verification of qualifications and gap-filling by the IFP is 30 November.
SPSs are taking five working days on average to process from the date the application is received but may take longer if additional information is requested.
These turnaround times are expected to increase the closer it gets to the deadline so Financial Planners are advised to send them in as soon as possible.
If a Financial Planner already has an SPS from another Accredited Body but wishes to change to the IFP they can either apply to the IFP when their existing SPS expires or advise their existing Accredited Body they wish to change and then apply to the IFP.
If a Financial Planner does not apply for their SPS by 31 December 2012 they will no longer be able to give retail investment advice in 2013.However, there will be a period of 60 days until 1 March for advisers who have met the requirements and applied for their SPS but who have not yet received it due to administrative issues.
If you have any queries about obtaining your SPS, email This email address is being protected from spambots. You need JavaScript enabled to view it.
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