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CISI adds investment and tax planning experts to mentoring scheme

9 July 2020

The Chartered Institute for Securities and Investment (CISI) has added M&G Investments and Octopus Investments to its 2020 Financial Planning Mentoring scheme.

M&G will provide technical support for investment queries, while Octopus Investments will offer technical support for estate and tax planning to mentors and mentees.

The scheme, originally launched in 2019, was designed to match Certified Financial Planners with mentees looking for help and support within financial planning.  While the scheme is free to join, mentees must be members of both the CISI and its Financial Planning Forum.

Over the course of the pilot scheme, 20 mentees were matched to individual mentors across 14 different regions of the UK, CISI said.

As part of its 2020 relaunch, the CISI said that whilst the majority of criteria remains the same as last year, the professional body has created two streams for mentees on the scheme. The first stream caters for those already in the financial planning profession looking to enhance their skills and knowledge to become a Certified Financial Planner. The second stream is aimed at those who are new to or aspiring to work in the financial planning profession.

Jacqueline Lockie, head of financial planning, CISI (pictured), said: “We are delighted to be operating our Financial Planning Mentoring Scheme again this year. We would like to thank Schroders and James Hay for providing technical support to our participants of the 2019 pilot scheme.

“Our Silver Financial Planning Corporate Supporter, Royal London will be continuing with their support for the scheme by offering technical support for protection and pension queries. For the relaunch of our mentoring scheme we welcome M&G Investments and Octopus Investments. We are extremely pleased to have all three firms involved for 2020 and appreciate their commitment to this important initiative.

“We had an excellent uptake of both mentors and mentees in 2019 and, having listened to feedback, we’ve made some improvements to the scheme, this includes creating two streams, as outlined above, to ensure that support is available within the financial planning profession.”

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