New qualification for financial advisers

The Colorado-based Financial Planning Standards Board, a non-profit making organisation, is aiming to provide investors with cross-border interests with a benchmark when seeking professional advice.

Noel Maye, chief executive of the FPSB, said: 'We are trying to make sure that financial planners are of the same quality worldwide. We can't control general manipulation of the marketplace but we can set standards and educate the public,' The Financial Times reported.