The Chartered Insurance Institute (CII) has granted an exemption to its AF5 exam for ISO 22222 graduates.
According to new rules imposed by the CII, all new Chartered Financial Planners are required to have completed its Financial Planning Process exam paper (AF5) or equivalent.
However, any financial adviser who attains the ISO 22222 certificate will be exempt from any onus to take the AF5 qualification.
Michelle Hoskin, business development director at Standards International, believes the CII exemption is good news for anyone considering working towards Chartered Financial Planner status.
"There are many reasons why advisers are seeking certification for ISO 22222," she said.
"For example, it can help to improve performance and compliance, and standardise good working practices. It can also help raise an adviser's profile and lead to improved sales or marketing opportunities," she added.
