BS ISO 22222-2006 Personal financial planning - Requirements for personal financial planners《个人财务计划 个人财务计划者的要求》.pdf

1、BRITISH STANDARDBS ISO 22222:2005Personal financial planning Requirements for personal financial plannersICS 03.060g49g50g3g38g50g51g60g44g49g42g3g58g44g55g43g50g56g55g3g37g54g44g3g51g40g53g48g44g54g54g44g50g49g3g40g59g38g40g51g55g3g36g54g3g51g40g53g48g44g55g55g40g39g3g37g60g3g38g50g51g60g53g44g42g4

2、3g55g3g47g36g58BS ISO 22222:2005This British Standard was published under the authority of the Standards Policy and Strategy Committee on 31 March 2006 BSI 2006ISBN 0 580 47912 9National forewordThis British Standard reproduces verbatim ISO 22222:2005 and implements it as the UK national standard.Th

3、e UK participation in its preparation was entrusted to Technical Committee SVS/6, Financial services, which has the responsibility to: ISO 22222 codifies best practice across the world and has been drafted in a manner that provides for regional variation to the maximum extent possible. However, each

4、 country may still have particular regional or national requirements that cannot be encompassed by a single ISO standard and the United Kingdom is no exception in this respect.To address this situation, SVS/6 has developed BS 9222, a guide to the application of BS ISO 22222 and the assessment of com

5、pliance with its provisions that is intended to facilitate uniform usage in the particular regulatory and commercial environment that prevails in the United Kingdom.It is therefore recommended that financial planners operating or intending to operate, in the United Kingdom and those having the respo

6、nsibility of assessing their performance make use of this standard in conjunction with the additional guidance offered in BS 9222.Attention is drawn to the fact that in the United Kingdom, meeting the requirements of this standard does not, in itself, confirm a status authorized by the Financial Ser

7、vices Authority, since other criteria have already been established for that purpose. However, it will be found that application of the provisions of this standard at the levels identified, will provide for the delivery of an enhanced personal financial planning service.A list of organizations repre

8、sented on this committee can be obtained on request to its secretary.Cross-referencesThe British Standards which implement international publications referred to in this document may be found in the BSI Catalogue under the section entitled “International Standards Correspondence Index”, or by using

9、the “Search” facility of the BSI Electronic Catalogue or of British Standards Online.This publication does not purport to include all the necessary provisions of a contract. Users are responsible for its correct application. Compliance with a British Standard does not of itself confer immunity from

10、legal obligations. aid enquirers to understand the text; present to the responsible international/European committee any enquiries on the interpretation, or proposals for change, and keep UK interests informed; monitor related international and European developments and promulgate them in the UK.Sum

11、mary of pagesThis document comprises a front cover, an inside front cover, the ISO title page, pages ii to v, a blank page, pages 1 to 28, an inside back cover and a back cover.The BSI copyright notice displayed in this document indicates when the document was last issued.Amendments issued since pub

12、licationAmd. No. Date CommentsReference numberISO 22222:2005(E)INTERNATIONALSTANDARDISO22222First edition2005-12-15Personal financial planning Requirements for personal financial planners Conseil en gestion de patrimoine Exigences pour les conseillers en gestion de patrimoine BS ISO 22222:2005iiiiiC

13、ontents PageForeword ivIntroduction v1 Scope . 12 Normative references . 13 Terms and definitions. 14 Process 34.1 Personal financial planning process 34.2 Establishing and defining the client and personal financial planner relationship 34.3 Gathering client data and determining goals and expectatio

14、ns 44.4 Analysing and evaluating the clients financial status . 54.5 Developing and presenting the financial plan . 54.6 Implementing the financial planning recommendations 54.7 Monitoring the financial plan and the financial planning relationship 65 Ethics . 65.1 Professional behaviour 65.2 Ethical

15、 principles 66 Competence 76.1 General requirements for competence. 76.2 Specific requirements for competence 76.3 Demonstration of initial competence 156.4 Demonstration of continuing competence.177 Experience. 187.1 General. 187.2 Constitution of experience 197.3 Experience requirements. 198 Claim

16、ing conformity . 198.1 Presentation of claim 198.2 Scope of claim. 198.3 Basis of claim 208.4 Identification of the basis of claim 20Annex A (informative) Scottish credit and qualifications framework level descriptors . 21BS ISO 22222:2005ivForeword ISO (the International Organization for Standardiz

17、ation) is a worldwide federation of national standards bodies (ISO member bodies). The work of preparing International Standards is normally carried out through ISO technical committees. Each member body interested in a subject for which a technical committee has been established has the right to be

18、 represented on that committee. International organizations, governmental and non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization. International Standar

19、ds are drafted in accordance with the rules given in the ISO/IEC Directives, Part 2. The main task of technical committees is to prepare International Standards. Draft International Standards adopted by the technical committees are circulated to the member bodies for voting. Publication as an Intern

20、ational Standard requires approval by at least 75 % of the member bodies casting a vote. Attention is drawn to the possibility that some of the elements of this document may be the subject of patent rights. ISO shall not be held responsible for identifying any or all such patent rights. ISO 22222 wa

21、s prepared by Technical Committee ISO/TC 222, Personal financial planning.BS ISO 22222:2005vIntroduction This International Standard has been drawn up with the objective of achieving and promoting a globally accepted benchmark for individuals who provide the professional service of personal financia

22、l planning. Personal financial planning is a process designed to enable consumers to achieve their personal financial goals. The service of personal financial planning is provided by a personal financial planner to assist clients with their personal financial planning. Consumers need to have confide

23、nce in their personal financial planner. This International Standard specifies the ethical behaviour, competences and experience required of a professional personal financial planner. This International Standard describes and addresses the various methods of conformity assessment and specifies requi

24、rements applying to each of them. Conformity assessment of personal financial planners is a complex task requiring access to specialized knowledge, skills and experience. The technical committee (comprising practitioners, industry and consumer representatives) for this International Standard strongl

25、y believes that accredited independent third-party certification provides the most reliable method of conformity assessment and thus protection for consumers. Therefore, the technical committee recommends that consumers seek the services of personal financial planners who can demonstrate that they h

26、ave undergone conformity assessment by independent third-party certification bodies which have been accredited as complying with the requirements set out in ISO/IEC 17024. BS ISO 22222:2005blank1Personal financial planning Requirements for personal financial planners 1 Scope This International Stand

27、ard defines the personal financial planning process and specifies ethical behaviour, competences and experience requirements for personal financial planners. This International Standard is applicable to all personal financial planners regardless of their employment status. This International Standar

28、d describes and addresses the various methods of conformity assessment and specifies requirements applying to each of them. 2 Normative references The following referenced documents are indispensable for the application of this document. For dated references, only the edition cited applies. For unda

29、ted references, the latest edition of the referenced document (including any amendments) applies. ISO/IEC 17000, Conformity assessment Vocabulary and general principlesISO/IEC 17024, Conformity assessment General requirements for bodies operating certification of personsISO/IEC 17050 (all parts), Co

30、nformity assessment Suppliers declaration of conformity3 Terms and definitions For the purposes of this document, the terms and definitions given in ISO/IEC 17000, ISO/IEC 17024 and the following apply. 3.1broad general knowledge awareness and basic understanding over the breadth of the subject, but

31、 not to the depth that would be expected of a specialist in the specific subject area 3.2certificate attestation document issued by an independent third-party certification body 3.3clientconsumer who has accepted the terms of engagement as described in 4.2.3 3.4cognitive level hierarchy of thinking

32、NOTE The hierarchy of thinking is listed in 6.2. BS ISO 22222:200523.5conformity assessment demonstration that specified requirements relating to a product, process, system, person or body are fulfilled ISO/IEC 17000 NOTE Conformity assessment covers such activities as testing, inspection and certif

33、ication, as well as the accreditation of conformity assessment bodies. 3.6consumer individual or group of individuals who share financial interests NOTE A family would be considered a group of individuals. 3.7continuing education education, training and development undertaken by personal financial p

34、lanners to maintain ongoing professional competence 3.8declaration attestation document issued by any body other than an independent third-party certification body NOTE 1 This definition differs from the definition of declaration in ISO/IEC 17000. NOTE 2 “Body” includes any individual. 3.9employment

35、 status present state of a consumers income-earning capabilities EXAMPLES Employee, self-employed, independent contractor, freelancer, business owner, not employed, retiree, or student. 3.10experience knowledge and skills acquired while participating in the application of the personal financial plan

36、ning process and related activities 3.11financial goal quantifiable financial outcome or target which is intended to be met at some future point in time or over a period of time 3.12financial risk tolerance extent to which a consumer is willing to risk experiencing a less favourable financial outcom

37、e in the pursuit of a more favourable financial outcome 3.13individual performance measurements methods and indicators used to evaluate the performance of a personal financial planner 3.14personal financial plan document that specifies how a consumer should organize and manage his/her/their personal

38、 financial affairs, in whole or in part, so as to satisfy present and future personal goals, needs and priorities BS ISO 22222:200533.15personal financial planner individual who provides a service of personal financial planning to clients and who meets all of the ethics, competence and experience re

39、quirements contained in this International Standard NOTE A personal financial planner is also commonly referred to as a “financial planner” or “financial planning practitioner.” 3.16personal financial planning process designed to enable a consumer to achieve his/her/their personal financial goals 3.

40、17personal financial planning relationship relationship between a client and his/her/their personal financial planner 3.18personal goal outcome which a consumer wishes to achieve that may be quantitative or qualitative in nature 3.19remuneration direct and indirect financial benefits received by a p

41、ersonal financial planner in exchange for providing the service of personal financial planning to a client 3.20service of personal financial planning service performed interactively by a personal financial planner to assist a client with his/her/their personal financial planning 3.21yearof experienc

42、e twelve months of full-time activity or the part-time equivalent 4 Process 4.1 Personal financial planning process As provided by a personal financial planner, the personal financial planning process shall include, but is not limited to, six steps that can be repeated throughout the client and pers

43、onal financial planner relationship. The client can decide to end the process before having completed all of the steps. In providing clients with the service of personal financial planning, the personal financial planner shall use documented procedures to respond to and resolve all client complaints

44、 and claims, and be supported by financial, security, operational, risk management and business continuation plans. 4.2 Establishing and defining the client and personal financial planner relationship 4.2.1 The personal financial planner shall, at the beginning of each engagement, provide, in writin

45、g, to the consumer: a) the scope of the financial planning service being offered, b) their qualifications and experience, and c) the full disclosure as to which method they have used or are using to demonstrate their conformity with this International Standard (independent third-party certification,

46、 other-party assessment, or self-assessment); against which country-specific knowledge they have been tested; when conformity was established; and by which body. BS ISO 22222:200544.2.2 The personal financial planner shall request and should gather the following information: a) consumer profile, inc

47、luding composition of household, b) age, health and factors affecting life expectancy, c) employment status, d) relationships, e) financial position, f) public and private benefits, insurances and entitlements, g) immediate needs, and h) short-term and long-term goals, NOTE Methods for gathering inf

48、ormation can include: interviews, questionnaires, face-to-face meetings, telephone conversations, and correspondence. 4.2.3 The personal financial planner shall provide written terms of engagement for services that disclose: a) the basis of remuneration, b) any known conflicts of interest, c) servic

49、e deliverables and timeframes, d) duration of the agreement, e) frequency of contact, and f) confidentiality provisions. 4.3 Gathering client data and determining goals and expectations 4.3.1 The personal financial planner shall use the outputs from 4.2. 4.3.2 The personal financial planner shall request appropriate additional data that should normally include, but is not limited to: a) individual and household asset, liability and cash flow details, b) relevant risk management arrangements, c) contracts, d) statements, e) forms, BS ISO 22222:20055f) l