In a statement this morning, the FPA said the Pro Bono Financial Planning Referral Service will see families who cannot afford financial advice connect with financial advisers who can provide their services on a pro bono basis.
FPA chief executive Dante De Gori said, “In a report prepared for Cancer Council, Access Economics estimated the average cost of a cancer diagnosis to be almost $50,000.
“Many people simply cannot afford to resolve the financial issues that need to be addressed during this stressful time. Financial planners can make a huge difference to families in need of assistance.
“We are calling on FPA members to come forward and generously donate their time to assist cancer patients and their families with a wide range of financial issues on a pro bono basis.”
Some of the services families require include help with accessing Centrelink benefits, applying for early access to superannuation and attached insurance benefits, developing a strategy for investing lump sum insurance payouts, developing a budget and ensuring regular cash flow, and planning for the future.
Mr De Gori added that the program is open to CFP Professional and Financial Planner AFP membership categories. It will initially focus on a number of regional “priority areas”, the statement said.
Well said DM.
great initiative by the FPA and reflective of the type of thing one would expect from a true professional body. Well done Dante and team. I will be one to volunteer to support this initiative
The silence from the usual peanut gallery of FPA detractors though is deafening. First to call out the FPA for what you perceive they are doing wrong but not around to congratulate good initiatives