The Scoop

Chartered – What does that mean?

As many of you may know, PenLife is a Chartered Financial Planning firm. It’s not easy to achieve this status, so we’re very proud to have it. However, one thing we’re aware of is that the general public may not know exactly what it means to be Chartered in Financial Advice, which is pretty understandable. Hopefully, this blog post will help explain this.

We get our Chartered status through the Chartered Insurance Institute (CII), which incorporates the Personal Finance Society (PFS). This is the main professional body for Financial Advisers (like the Law Society is for solicitors) and I’m honoured to be the President of the Institute in York.

The CII  says “across the professional landscape, from accountants to civil engineers, and of course through to financial planners, Chartered status stands proud as an indicator of the highest standards of learning and ethical behaviour.” That is really the essence of being a Chartered firm – having a commitment to the best possible standards and the highest levels of professionalism. I like to think that we manage to do all that with a smile on our faces as well!

As you can see, having Chartered status is a real vote of confidence and if you know anyone who really needs financial advice, what better recommendation can you give than a Chartered Financial Planning firm? Don’t forget, if you’re a client we give £50 for every referral we get!

I’m an independent financial adviser and joined PenLife in November 2014 after spending 4 years running my own IFA practice. I advise my clients on most financial areas, although I tend to specialise in pensions and retirement planning. I’m Diploma qualified and am also qualified to advise clients on care fees. I’m currently working towards my Advanced Diploma, which will eventually allow me to achieve Chartered status.

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