BS 8577 Framework for the provision of financial advice and planning services is the only British Standard for financial planning and advice businesses. It specifies best practice for embedding an effective operational management system to support adherence to ISO 22222 Personal financial planning – Requirements for personal financial planners.
BS 8577 increases client confidence by supporting your business to provide the highest possible standard of service. The scope of the standard spans your entire organisation, thereby enabling your team to perform at their highest operational level and achieve their true potential.
The standard encompasses:
- Nine overarching principles of practice
- Management commitment and review
- Objectives and policies
- Document and record control
- Recruitment, training and development
- Client relationship management
- The operational framework for organisations delivering financial advice and planning services
- Best practice tools, templates and guides
Understanding, implementing and adhering to this British standard of excellence will increase your business efficiency and galvanise your team.
Certification to BS 8577 can be delivered through membership to The Standards International Academy™ or standalone. Details of fees can be found here (do feel free to contact us directly to explore multiple membership applications and/or international applications) and you can purchase your copy of BS 8577 in our online shop.
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Apply now for membership to The Standards International Academy™ and certification to BS 8577.
“It’s my view that achieving BS 8577 has moved the business from brilliant to bulletproof!”
– Huw Jones, Proposito Financial Planning
“If you want to enhance your business and your client’s experience then Standards International is the company that can inspire you to get there!”
– Sue Tucker, Hampshire Hill
“If you want your business to be the best it can be, go through this assessment. It’s a demonstration of professionalism.”
– Iain Mackie, Fraser Wealth Management
“I would recommend other firms in the industry embark on this as it drives process and consistency, which can only enhance the client experience.”
– Rhonda Newman, Gould FP