FPI receives accollades on affiliate status and increase IN CFP® professionals

Johannesburg – 05 February 2013 – The Financial Planning Institute of Southern Africa (FPI) has been highly commended by Financial Planning Standards Board (FPSB) towards the award on Tier 1 Affiliate Status and increase in the South African CFP ® profess

Johannesburg – 05 February 2013 – The Financial Planning Institute of Southern Africa (FPI) has been highly commended by Financial Planning Standards Board (FPSB) towards the award on Tier 1 Affiliate Status and increase in the South African CFP ® professionals by 346 new members in 2012.

Godfrey Nti, CEO of the FPI, said: “The FPI has been a member of FPSB, owner of the international CERTIFIED FINANCIAL PLANNER® certification programme, since 2004 and the affiliation has been a fruitful one simply because of both the organisations common vision for the CFP® designation and the financial planning industry. We are delighted about the recognition and our continued efforts at increasing the number of CFP® professionals in South Africa, growing the designation’s visibility and bringing the financial planning literacy benefits to consumers. ”

With its 24 member organisations around the world, FPSB reported that the total number of CFP® professionals increased from 139,818 at year-end 2011 to 147,822 as of 31 December 2012. The FPI has contributed to an overall growth rate of 5.7 percent in the number of CFP® professionals globally ensuring that more South Africans are guaranteed a chance to consult with the CFP® professionals through various corporates or independent practices.

Furthermore, according to the latest assessment by FPSB, FPI has been awarded Tier 1 Affiliate Status. At 96%, this is the highest score ever achieved by an FPSB affiliate. Three years ago in 2009, FPI was awarded Tier 3 status after it had only scored 79% overall in FPSB assessment.

“We are pleased to have a partner of the FPI calibre, benefitting the public by establishing, promoting and upholding professional standards in financial planning in South Africa said Noel Maye, FPSB Ltd. CEO. “Over the past year, the FPI has done a great job of creating awareness and understanding of the benefit and value of financial planning. That effort is recognised by the FPI’s stellar growth rate in 2012 and on how matured the FPI has become as a bona-fide professional body,” he concluded.