In its third year, the FPSB network, which includes the Financial Planning Association of Australia (FPA), will partner with the International Organisation of Securities Commissions (IOSCO) to promote financial literacy and capability through World Financial Planning Day 2019, which takes place during IOSCO’s World Investor Week.
World Investor Week is a global campaign from 30 September–6 October aimed at raising awareness about the importance of investor education and protection.
The FPSB launched WFPD in 2017 in partnership with IOSCO as part of the global financial planning community’s commitment to increase levels of consumers’ financial literacy and capability, and to help the public put investment decisions in the context of other financial and life goals.
“FPSB and the global financial planning community are pleased to join IOSCO for the third year in supporting efforts to raise the level of financial literacy and financial capability among members of the public globally,” said FPSB chief executive Noel Maye.
“On World Financial Planning Day, the FPSB network and thousands of CFP professionals around the world will help raise awareness of the value of financial planning, of having a financial plan and of working with a competent and ethical financial planner who puts clients’ interests first.”
Chair of IOSCO’s committee on retail investors, José Alexandre Vasco, said events like World Investor Week and World Financial Planning Day highlight the value of investor education and the work being done by securities regulators and others to increase investor financial literacy.
“By recognising financial planning as a global citizenship skill, World Financial Planning Day has the potential to help millions improve their futures and financial wellbeing through savings and investments,” he said.
They don’t think it’s premature to have a world financial planning day when the majority of CFP’s in Australia are still to pass the minimum education standards to give advice?