The Private Finance Society has added accreditation from the Society of Later Life Advisers (SOLLA) as counting in the direction of attaining PFS Fellowship standing.

SOLLA Later Life Adviser accredited professionals can now apply on-line to achieve 30 credit in the direction of Fellowship.

To realize PFS Fellowship standing Monetary Planners should full additional {qualifications} after attaining the CII’s Chartered standing.

Credit are awarded for each CII qualification handed, with these with a minimal of 350 credit awarded Fellowship.

To realize the SOLLA Later Life Adviser Accreditation Monetary Planners should proof later life technical information, exhibit they work inside a supportive surroundings and make sure ongoing upkeep of competence inside an internet submission. Advisers then undertake a ultimate Viva evaluation with their general software scrutinised by an impartial accreditation panel.

Mark Hutchinson, membership director of the Private Finance Society, stated: “Attaining Later Life Adviser Accreditation from the Society of Later Life Advisers is an endorsement of a Monetary Planning skilled’s expertise and expertise of working with, and understanding the wants of, older individuals and their households and carers.

“Being awarded Fellowship of the Private Finance Society represents the top of educational skilled achievement. Many advisers select to specialise of their drive past minimal information and qualification requirements and we’re eager to acknowledge the function of high-quality third-party programs and accreditations in contributing in the direction of the achievement of Fellowship standing.”

The PFS added that SOLLA accreditation is the primary of a number of potential {qualifications} to depend in the direction of attaining Chartered and Fellowship designations, following responses to the CII’s ‘Shaping the long run collectively’ session.

The PFS additionally not too long ago reinstated the PFS CEO function following the session. The function, beforehand held by Keith Richards, was axed final 12 months by the CII.

Don MacIntyre has been appointed interim CEO and can work with the PFS board and an govt search consultancy to safe a everlasting CEO in early 2023.

The CII determined to do a U-turn after stiff opposition from members, significantly PFS members.

Collectively the CII and PFS have 125,000 members, which incorporates 40,000 PFS members.

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