Accreditation scheme for financial planners

An accreditation scheme to give consumers confidence in choosing a financial planning firm has been launched by the Institute of Financial Planning (IFP).

The register of Accredited Financial Planning Firms has 40 companies on the list, including Helmsley-based Planning for Life, which was one of the first 25 businesses to be registered.

Planning for Life managing director Jeremy Deedes said yesterday: “We need to work together to ensure consumers understand the importance of financial planning and how to find a reputable firm to help them.

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“We have seen a 33 per cent increase in the number of people seeking financial planning services this year, along with a steady but noticeably larger number of enquiries.

“This is driven partly by the current economic climate – people are concerned that perhaps their money will run out before they do. This is the true nature of financial planning, which is centred around lifetime cash flow and not around product sales.”

For details about Accredited Firms and the register visit: www.financialplanning.org.uk/general-public/accredited-financial-planning-firms-register.