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BIFM to explore chartership

Published 16th September, 2011 by Neil Nixon

BIFM to explore chartership

BIFM is actively considering applying for chartered body status. The Institute's board has agreed to set up a working group to look at the costs, benefits and feasibility of the change.

The Institute wishes to ensure that members have all the information they need to contribute to the decision. The working group will report to the board no later than summer 2012. Its work will, in part, determine the timing of any further decisions.

The board’s decision marks a change in the BIFM’s previous position which was that, while chartership was not being actively pursued, the Institute would not take any actions that would preclude the possibility of becoming chartered. BIFM chairman, Ian Broadbent, said: “The Institute has reached a size, level of maturity, engagement and influence where it is logical to explore chartership. BIFM has a stable membership, is an awarding body with a comprehensive qualifications programme, has an active regional and SIG structure, strong governance, sound finance and robust systems. Chartered status would be a recognition of the progress we have made, as a profession and as a professional body. However, we must evaluate fully the costs and benefits.”

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