Global Win for CFP® Certification
Financial Planning Standards Board adds voice of the global financial planning profession to international standards debate
Financial Planning Standards Board (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER® certification program announced that it has been approved as an affiliate member of the International Organisation of Securities Commissions (IOSCO), the international standard setter for securities markets.
The Financial Planning Association (FPA), an affiliate member of the FPSB, is the only body authorised to administer the world class CFP® certification in Australia on behalf of the FPSB.
The FPA highlighted the impact the announcement would have on the future of the financial planning profession in Australia.
“Having FPSB represent our profession in the international standards debate is a great moment for the future of financial planning worldwide, and in Australia. The FPA’s membership boasts over 5,500 CFP professionals and, with FPSB representing all CFP professionals; this latest announcement confirms the role our members play in the future of the profession. We will continue to work with the FPSB to represent CFP professionals in Australia in striving to provide our consumers with the highest quality of trusted advice worldwide”, said Mark Rantall, CEO of the FPA.
“As an international standards organisation for the securities sector, IOSCO is making decisions on various issues that could impact the practice of financial planning and the role of financial planning professional bodies around the world,” said Noel Maye, CEO of FPSB. “As the non-profit, professional standards-setting body for the global financial planning community, FPSB will bring the perspective of over 140,000 CERTIFIED FINANCIAL PLANNER® professionals to the debate on issues such as investor protection and standards of conduct for financial intermediaries.”
ASIC Chairman, Greg Medcraft welcomed the announcement. “Financial planning can play an important part in the future wellbeing of many Australians. We welcome IOSCO’s announcement and believe that it will be to the benefit of the profession that financial planning is represented on a global stage discussing global securities market issues.”