A trio of Chartered bodies have teamed up in order to improve the levels of consumer trust in the professions they represent.

The PFS parent body the CII, the CISI and the Chartered Banker Institute - which together represent 200,000 members - have forged a formal new alliance. Read more HERE.

All three stressed that bolstering public confidence was a vital factor in motivating their coming together.

Sian Fisher, chief executive of the Chartered Insurance Institute, said: “This alliance is all about inspiring public confidence and trust in professional standards, fitting perfectly with the CII’s recently launched Strategic Manifesto. I am looking forward to working with other Chartered professional bodies, as well as with our combined network of members, to develop a united voice for promoting professionalism and improving public trust and confidence in the financial services sector.”

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Video: Simon Thompson, chief executive of the Chartered Banker Institute, explains more.

More from the Chartered Body Alliance press conference this morning as @charteredbanker chief sums up aims pic.twitter.com/8cUoelxavh

— FP Today (@FPTodayNews) March 1, 2017

@charteredbanker chief talks about Chartered Body Alliance with @CII@CISI pic.twitter.com/rFyUcIq5Ua

— FP Today (@FPTodayNews) March 1, 2017

Simon Culhane, chief executive of the Chartered Institute for Securities & Investment, 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.”

Simon Thompson, chief executive of the Chartered Banker Institute, said: “We are delighted to be one of the founding members of the Chartered Body Alliance. I believe that having three of the leading professional bodies in financial services working more closely together will help to enhance and sustain professionalism in financial services and lead to an improvement in public confidence and trust, and to a renewed sense of pride within the profession.”

Watch Below - the chief execs sign the Alliance agreement:

It's official! @CISI @pfsconf @CIIGroup @Charteredban sign new Chartered Body Alliance agreement this morning pic.twitter.com/YTrrRCWh4D

— FP Today (@FPTodayNews) March 1, 2017