The CII, UK's largest professional body dedicated to insurance, savings and financial services sectors, and the Securities and Investment Institute (SII) have signed a collaboration agreement, facilitating the two bodies to align their qualifications and share offices around the world.
Currently both organisations offer qualifications on the Financial Services Skills Council list of Appropriate Examinations for individuals wishing to become financial advisers.
The SII is to withdraw its Certificate in Investment and Financial Advice and will instead refer its students to the CII's Certificate in Financial Planning.
At the same time, the CII is to offer its members the SII's Fund Management examination as part of the CII Diploma in financial Planning framework. The examination covers the activities, knowledge and techniques required to undertake the management of funds for institutional clients.
Both organisations will also share an office in Mumbai. The CII has recently recruited Sainesh Dar to establish its first office in India which will be based at Nariman Point (Mumbai) and will be shared with the SII's representative Arwa Tapia. Consideration will be given to extending this arrangement to offices in other parts of the world, SII said on Friday.