FPSB Celebrates its 5th Year Anniversary!!

Marking its five-year anniversary on 1 December 2009, Financial Planning Standards Board Ltd. (FPSB) released a global position paper, “The State of the Financial Planning Profession in the ‘Post Trust’ Era.” As a member of this global standards-setting organisation, FPI is sharing the 21-page position paper with you. To download this 21-page position paper, click here and to view the 5^th Year Anniversary News Release, click here.

As the international standards-setting organisation for financial planning, FPSB’s mission is to establish global standards and a professional framework for the practice of financial planning. For financial planning to gain worldwide recognition as a profession and for members of the public to receive appropriate standards of care in financial planning engagements, FPSB needs to engage regulators, consumer groups, educators, financial services firms and the global financial planning community in discussing and introducing programmes and practices consistent with those of established professions such as law, medicine and accounting.

The Position Paper highlights how consumer demand, shifting firm practices, regulatory initiatives and globalisation have shaped the emerging financial planning profession and driven growth of CFP^® certification globally. In analysing the stage of evolution of the financial planning profession, FPSB’s position paper discusses the problems caused by inconsistent definitions of the terms “financial planning” and “financial planner,” and reviews some of the barriers to consumers recognising financial planning as a distinct professional practice.

FPSB is an international non-profit standards-setting body that owns the CFP^®, CERTIFIED FINANCIAL PLANNER^® and CFP^® Logo marks outside the United States, and works to promote global excellence in financial planning. FPSB manages, develops and operates certification, education and related programs for financial planning organisations to benefit the global community by establishing, upholding and promoting worldwide professional standards in financial planning. A member of FPSB since 2004, FPI administers CFP^® certification in South Africa and is dedicated to helping the public identify competent and ethical financial planners who put their clients’ interests first.