International assessment for advisers flagged
The Financial Planning Standards Board (FPSB) has announced plans to develop an international assessment process for potential financial planning entrants.
Financial planning representatives from Australia, Canada, Germany, Ireland, New Zealand, South Africa and the United Kingdom convened to discuss the developments at a two-day FPSB meeting. Talks were held to discuss the creation of a global framework, written protocols, guidance documents and templates to help educators train the next generation of financial planners and help certifying bodies to assess the competency of potential financial planners to deliver viable financial plans to clients.
The worldwide representatives of the FPSB Financial Plan Working Group will complete its work by the end of 2010 with the assistance of a Financial Plan Writers Panel. It aims to draft case studies for use by educators. The draft documents will be released to FPSB members in 23 territories in July or August with final approval set for October.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
