BS 8577:2012 Framework for the provision of financial advice and planning services. Specification
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BS 8577:2012

Framework for the provision of financial advice and planning services. Specification

Status : Confirmed, Current   Published : May 2012



What is this standard about?

BS 8577 sets out a framework for managing financial advisors and effectively supporting the provision of financial advice and planning services.

Who is this standard for?

  • Financial advisors (IFA Industry)
  • Financial planners – personal, corporate or business
  • High street banks
  • Senior management and financial directors

Why should you use this standard?

Adviser firms and banks are a key channel for distributing financial services and products to consumers, including private and corporate clients. BS 8577 provides a framework that will enable them to meet the increasing levels of professionalism and management practice required of financial advice businesses. 

The standard gives clear and up-to-date recommendations and incorporates all aspects that support the provision of advice services, outlining core competencies required from companies, their advisers and planners to ensure a fair, transparent and professional interaction with clients.

Standard NumberBS 8577:2012
TitleFramework for the provision of financial advice and planning services. Specification
StatusConfirmed, Current
Publication Date01 May 2012
Confirm Date26 May 2017
Normative References(Required to achieve compliance to this standard)BS ISO 22222
Informative References(Provided for Information)BS 25999-2:2007, ISO 19011:2011, BS EN ISO 9000, ISO/IEC Guide 65, BS 18477, BS ISO 10002, BS 8453, BS EN ISO 19011, BS EN ISO/IEC 17024, BS EN 45011
Draft Superseded By12/30248292 DC
DescriptorsManagement, Advice of fate, Planning, Business continuity, Financial management, Consumer-supplier relations
ISBN978 0 580 75731 0
File Size2.416 MB

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