Three trade bodies join forces to create Chartered Body Alliance

Three Chartered Professional Bodies have joined forces in a bid to enhance the level of trust in the financial services sector and help consumers recognise the benefits of engaging with qualified sector professionals.

Related topics:  Finance News
Rozi Jones
1st March 2017
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"This alliance is all about inspiring public confidence and trust in professional standards, fitting perfectly with the CII’s recently launched Strategic Manifesto."

The Chartered Body Alliance has been launched today by The Chartered Insurance Institute, the Chartered Institute for Securities & Investment and the Chartered Banker Institute.

While retaining their own identity, governance and areas of expertise, members of the Alliance will work together under a common brand.

Initiatives include jointly promoting the importance of professional status, explaining how their respective qualifications represent the “gold standard” across the sector, hosting joint events, and seeking to respond with a united voice to sector consultations that affect members across all three professional bodies.

Between them, the bodies cover a wide range of activities including wealth management, insurance, financial planning, banking and capital market activities, and have a joint membership of almost 200,000 professionals.

Sian Fisher, Chief Executive of the Chartered Insurance Institute, said: “This alliance is all about inspiring public confidence and trust in professional standards, fitting perfectly with the CII’s recently launched Strategic Manifesto. I am looking forward to working with other Chartered professional bodies, as well as with our combined network of members, to develop a united voice for promoting professionalism and improving public trust and confidence in the financial services sector.”

Simon Culhane, Chief Executive of the Chartered Institute for Securities & Investment, commented: “We are delighted to be one of the three core participating professional bodies in this important initiative. We want consumers to be reassured when they interact with a member of a Chartered Body, and recognise that these individuals have the right knowledge and skills, and adhere to high standards of integrity. Chartered or Certified designations possessed by Alliance members are a mark of authenticity, quality, reliability and trust.”

Simon Thompson, Chief Executive of the Chartered Banker Institute, added: “We are delighted to be one of the founding members of the Chartered Body Alliance. I believe that having three of the leading professional bodies in financial services working more closely together will help to enhance and sustain professionalism in financial services and lead to an improvement in public confidence and trust, and to a renewed sense of pride within the profession.”

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