FPSB Standards Under Development & 2010 Activities

FPSB has assembled four expert panels to guide the global CFP certification program and provide consistent and rigorous education and assessment tools for financial planning in 2010. 

The technical working groups and panels are developing processes, procedures, guidance documents, education modules and templates that can be used by FPSB Member organizations and educators as part of the initial education or ongoing professional development component of the CFP certification program. Chaired by Wessel Oosthuizen, CFP, director of the Centre for Financial Planning Law at the University of the Free State in South Africa, the groups consist of subject-matter experts representing major universities, education providers, standards-setting bodies and CFP professionals.

The working groups’ documents are slated to be complete in July 2010, with internal exposure periods through September.  The processes, procedures and other tools are slated to go before FPSB’s Board of Directors for approval, and the Council for ratification, in October.

The 2010 working groups include:

• The Financial Plan Working Group is developing a framework and guidance documents for the financial plan component of FPSB’s Assessment Framework.

• The Portfolio/Supervision Working Group is developing guidance documents, sample process and procedures and templates for the Portfolio component of FPSB’s Assessment Framework and FPSB’s Work Experience Standard.

• The Integrated Financial Planning Module Panel is creating guidance on content and delivery/teaching methods for a 32-hour integrated financial planning course.

• The Education Panel is discussing guidance documents and approaches for how FPSB Members and educational institutions can use FPSB’s Curriculum Framework to deliver financial planning education courses to prepare candidates for the CFP certification assessment program.