Numerous definitions about, depending upon which dictionary you choose to look at.
One such example
‘’Having the qualities, accomplishments, etc., that fit one for some function, office, etc.; competent.“
How does an outsider to a particular trade or profession establish that someone fits the definition?
By whose standards are these people to be judged?
In the world of finance, surely the only way to judge it to ask to see evidence of professional qualifications that have been awarded by examination from a professionally recognised institute.
If your firm of advisers are giving investment advice, shouldn’t the investment advice be signed of by someone with professional level investment qualifications?
My speciality is more related to pensions and trusts. So, what does one look for in a pension specialist offering expats advice on pensions?
While a knowledge of non-UK jurisdictions and foreign tax rules is essential, the starting point for any advice is a proper understanding of the UK pension itself.
The FCA ( Financial Conduct Authority ) in the UK insists on the following pensions’ qualifications for all UK advisers that deal with pension transfers. Non-UK clients should expect the same-
· G60 or AF3- ( Chartered Insurance Institute )
· Fellow/Associate of the Faculty of Actuaries
· Pensions paper of Professional Investment Certificate (IFS)
· Fellow/Associate of the Pensions Management Institute
In my world, I can be found on here-
http://www.cii.co.uk/web/app/membersearch/MemberSearch.aspx
“Qualified” means the following; CertPFS, DipPFS, APFS/FPFS – all members signed up to a code of ethics to treat customers fairly and a commitment to continous professional development.
Ordinary/Student only membership is open to members of the public, there are no exam requirements for membership. CII ( Award)/FAIQ are basic introductory qualifications and are not subject to the requirements of qualified members.
A little due diligence here and there by investors may be as valuable as the investment itself.