The Chartered Body Alliance will see the CISI, the Chartered Insurance Institute (CII) and the Chartered Banker Institute (CBI) join forces to help consumers engage with financial sectors, encompassing wealth and investment management, insurance, financial planning, banking and capital markets.
Each body will retain its own identity, governance and areas of expertise, but together the members of the Alliance will publish the Chartered Body Commitment – a set of guidelines outlining how they plan to raise professionalism and promote high standards across the sector with chartered status representing the ‘gold standard’.
Under the new brand, the three bodies will host joint events and endeavour to respond with a "united voice" to relevant sector consultations.
The Alliance will see combined membership of almost 200,000 professionals spanning the various sectors.
Simon Culthane, chief executive at the CISI, said: “We are delighted to be one of the three core participating professional bodies in this important initiative.
“We want consumers to be reassured when they interact with a member of a Chartered Body, and recognise that these individuals have the right knowledge and skills, and adhere to high standards of integrity.
“Chartered or Certified designations possessed by Alliance members are a mark of authenticity, quality, reliability and trust.”