Professional Financial Advisers

We offer professional body membership to all retail investment advisers who meet the required standards. Those wishing to apply to us for their Statement of Professional Standing (SPS) must:

  • hold an appropriate qualification and any gap-fill,
  • comply with the FCA’s Statements of Principle for Approved Persons (APER),
  • have an individual FCA registration number and active status, or if you are subject to certification, provide confirmation of your fit and proper status from your employer,
  • follow our Code of Professional Conduct,
  • undertake a minimum of 35 hours CPD each year, 21 of which needs to be structured, and maintain a full record throughout the year.

For more information, download our SPS Guide

SPS w140In addition to your SPS, as a member of our Institute you will be authorised to use the Professional Financial Adviser title, PFA designation and display the logo.

Find out more on the benefits of Membership.

Recording your CPD activity

Specific rules apply to your CPD activity. Please use the bespoke CPD portal with structured learning to undertake, monitor and record your CPD.
 
 

Statement of Professional Standing Guide 2014