ISO 22222:2005 Personal Financial Planning Certification

ISO has published the first International Standard that will support people make a decision whether or not they can be sure about the ethics and competence of professionals that provide advice on planning their personal finances. ISO 22222:2005, Personal Financial Planning, is aimed at growing customer assurance by providing an globally agreed benchmark for a high international standard of service.

ISO 22222:2005 defines the personal financial planning procedure and identify ethical behavior, competences and experience necessities for personal financial planners.

ISO 22222:2005 has been drawn up with the objective of achieving and promoting consumer self-assurance by given that an globally agreed benchmark for a high global standard of personal finance service.

The core six steps of the personal financial planning procedure are:

Launching and defining the customer and personal financial planner relationship.

Get-together customer data and determining goals and expectations.

Analyzing and evaluating the client’s financial position.

Increasing and presenting the financial plan.

Implementing the financial planning recommendations.

Monitoring the financial plan and the financial planning relationship.

Benefits of ISO 22222:2005

Release from the Chartered Insurance Institute (CII) AF5 module.

Enhanced compliance, because the standard helps regulatory necessities.

Enhanced presentation.

Promotion of an alertness of quality and professionalism, leading to better public awareness and public image.

Make simpler and effectual processes and documentation.

Acknowledgment from the consumer group which?

Standardization of good working practices.

Enhanced sales and marketing opportunities.

Better communication.

Reduced risk, leading to potential reduced insurance costs.


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