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CII's single standards board proposal receives warm welcome

29/04/2008

The Chartered Insurance Institute (CII) and the Personal Finance Society's proposals for a single professional standards board would be almost universally welcomed, new research has revealed.

A survey, carried out by the CII and Ernst & Young, has revealed that 95 per cent of respondents are in agreement with the plans for the single standards board.

David Thomson, director of policy and public affairs at the CII, revealed that the findings were a vote of confidence in the organisation's plans for industry change.

He said: "The strong support from our members in our package of professionalism is a clear sign that our ideas are on the right track, and there is an increasing agreement on the building blocks that will enhance professional standards."

The research also revealed widespread approval for a number of proposals in response to the retail distribution review, including 80 per cent agreement for an independent external board with the power to discipline practitioners.
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