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."

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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.

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