October 2, 2018 09:30
Photo : Freepik
TheInstitut québécois de planification financière (IQPF) and the Financial Planning Standards Council (FPSC) have entered into a strategic partnership that will allow the two organizations to standardize the foundations of the profession of financial planner across the country.
In addition, the FPSC will become FP Canada as of April 1, 2019. The two organizations will work jointly for the advancement of the profession of financial planner, to better serve the public.
The two partners believe that financial planning should become a profession, in order to better serve the public. To achieve this goal, the organizations that are working on the development of the profession should be combined.
“The fact that FP Canada and the IQPF share the same goals and the same vision of the financial planning made this partnership a natural,” said Julie Raîche, president of the board of directors of the IQPF. The partnership anticipates that the IQPF and the financial planners of Quebec will participate in the governance of FP Canada, to establish unified standards. They will co-ordinate their voice to speak on behalf of the profession across the country.
The two organizations also recognize that these are the provinces which govern the professions in Canada. “The involvement of the IQPF will allow the necessary harmonisation to the establishment of a profession of financial planner homogeneous at the scale of Canada. This will be beneficial not only to the financial planners across Canada, but also for the financial services industry and its stakeholders. But, more importantly, it will be beneficial to the canadian public, ” says Dan Busi, president of the Board of directors of the FPSC.
Bilingualism PF Canada
The partnership provides for the creation of a joint committee of strategy. This committee will establish a formal mechanism to develop a strategy truly national, in order to create a profession more solid at the scale of Canada. According to the agreement, FP Canada will carry on its business in both official languages, to the extent possible. The organization will include a bilingual website.