FPA announces record CFP enrolments
The Financial Planning Association (FPA) has reported record enrolments for this year's Certified Financial Planner (CFP) program, which saw the increase of nearly 65 per cent from last year.
FPA chief executive Mark Rantall cited research by Investment Trends which found 70 per cent of CFP practitioners were already degree qualified - figures he deemed encouraging.
"Over 86 per cent of CFP professionals believe that having the CFP designation has a positive impact on their reputation," Rantall said. "These are welcome numbers, and show increasing support of our mission to uphold the CFP designation as the gold standard in professional financial planning certification."
However, the growth in CFP intake may come off a lower than usual base, as the FPA reported reduced CFP enrolments revenues in its 2011 annual report.
The association remains confident that the future pipeline for growth in the CFP designation was strong.
Almost a third of associate financial planners are degree qualified and eligible to be on the pathway to the global CFP designation, Rantall said.
Recommended for you
The corporate regulator has cancelled the AFSL of a Perth advice firm with the firm having previously seen its licence temporarily suspended in 2020.
Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.
AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to advice practices of all sizes.
Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct.
