The FPSB network will partner with the International Organization of Securities Commissions (IOSCO) to promote financial literacy and capability through World Financial Planning Day 2019, which takes place on 2 October, during IOSCO's World Investor Week, a global campaign from 30 September–6 October designed to raise awareness about the importance of investor education and protection.
Global consumer research conducted by FPSB found that four out of five consumers do not feel confident that they know enough about financial matters, that they will achieve their financial goals, or that they are successful at sticking to their financial strategies.
FPSB launched WFPD in 2017 in partnership with IOSCO as part of what it called “the global Financial Planning community’s commitment to increase levels of consumers' financial literacy and capability, and to help the public put investment decisions in the context of other financial and life goals”.
Jose Alexandre Vasco, chair of IOSCO's Committee on Retail Investors, said: “We are proud of events like World Investor Week and World Financial Planning Day that highlight the value of investor education and the work being done by securities regulators and others to increase investor financial literacy.
“By recognising Financial Planning as a global citizenship skill, World Financial Planning Day has the potential to help millions improve their futures and financial wellbeing through savings and investments.”
FPSB CEO Noel Maye said: “FPSB and the global Financial Planning community are pleased to join IOSCO for the third year in supporting efforts to raise the level of financial literacy and financial capability among members of the public globally.
“On World Financial Planning Day, the FPSB network and thousands of CFP professionals around the world will help raise awareness of the value of financial planning, of having a financial plan and of working with a competent and ethical financial planner who puts clients' interests first.”
During WFPD, FPSB's global network in 27 countries and territories will provide programmes and events to promote consumer awareness and understanding of the value of Financial Planning, covering topics such as debt management, financial emergency preparation, home ownership, saving, investment planning and retirement.
FPSB will also host a video contest in which consumers are prompted to share what living well means to them.