"Our partnership with FFP further entrenches our commitment to continually raise the standards of the financial planning industry for the benefit of South Africans, and enhance the competency of our members. This partnership will mean collaboration on key learning and development initiatives; the sharing of international best practices for the benefit of our members; and the sharing and analysis of industry data," said Godfrey Nti, Chief Executive Officer at FPI.
The financial stability of people is a concern shared across the globe; according to a recent McKinsey Global Institute report, household debt around the world is reaching new peaks. As a result, competent financial planners have a vital role to play in helping people better manage their finances thus alleviating their personal debt burden, as well as that of the economy.
Commenting on the economic benefits of a financially stable population, both FPI and FFP highlight financial planning as the cornerstone to people's financial wellness and the country's growth. As such, the growing recognition of financial planning bodies and the role of CERTIFIED FINANCIAL PLANNER professionals/ CFP professionals is a great achievement.
"We have several partnership agreements both locally and internationally which focus on developing world class standards for the financial planning profession as well as grooming financial planning professionals. We certainly welcome this exciting opportunity to collaborate and share best practice with FFP. Each partnership strengthens our position and service offering to our members. In addition, our CFP® professional's expertise, ethics and level of competency means that clients receive comprehensive and robust financial planning services that help them achieve their financial goals," concluded Nti.
Bert Sonneveld, Managing Director at FFP Netherlands, said; "This agreement is reflective of the growing, global importance of financial planning. Together, we aim to continue raising the recognition of financial planning, both in South Africa and the Netherlands. This partnership will also assist our efforts to further entrench the invaluable role of CFP® professionals in helping people achieve financial stability. We look forward to nurturing our partnership with FPI and exchanging views as well as best practices, to improve financial planning in both South Africa and the Netherlands."