IQPF partners with FPSC to create national standards

The Institut québécois de planification financière (IQPF) will partner with the Financial Planning Standards Council (FPSC) to create national standards for the financial planning profession.

In a statement Friday, the IQPF and FPSC said they agreed that financial planning must become a profession and that greater harmonization would help achieve that goal. The organizations will work toward “unified standards” for the profession.

The partnership will create a joint strategy committee to establish a national strategy. Under the agreement, FP Canada will operate in English and French as much as possible, including a bilingual website.

FPSC previously announced it would rebrand as FP Canada in April 2019 and expand its scope.

The FPSC certifies financial planners through its CFP designation and the FPSC Level 1 Certificants in Financial Planning. In Quebec, the IQPF is the only organization authorized to grant financial planning diplomas, and only professionals recognized by the institute can use the financial planner title.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.