Indonesian Foundation Awarded Exclusive Rights to Administer CFP® Certification Program in World's Fourth Most Populous Country
Toronto, January 24, 2007 — Financial Planning Standards Board Ltd. (FPSB), owner of the CFP®, CERTIFIED FINANCIAL PLANNER® and certification marks outside the U.S., announced that it has entered into a licensing and affiliation agreement with Financial Planning Standards Board Indonesia (FPSB Indonesia) that will allow the non-profit foundation to become the exclusive administrator of CFP certification in Indonesia. At a recent FPSB Council meeting held in Hong Kong, FPSB Indonesia demonstrated that it had met FPSB’s requirements to become an Affiliate member, and has now been authorized to administer CFP certification examinations and oversee the development, enforcement and promotion of CFP certification in the world’s fourth most populous country.
“Financial Planning Standards Board is pleased to have a partner of the caliber of FPSB Indonesia to help us establish a financial planning profession in Indonesia centered on the principles and standards of the CFP certification marks,” said outgoing FPSB Chairperson Elaine E. Bedel, CFP. “FPSB Indonesia has demonstrated its commitment to developing, administering and maintaining rigorous standards for the CFP certification program in Indonesia. On behalf of the 100,000 CFP professionals worldwide, we welcome FPSB Indonesia to the global community of professional financial planning certification bodies.”
Financial Planners Standards Council (FPSC), the Canadian affiliate awarding the CFP credential in Canada and the largest member of FPSB, welcomes FPSB Indonesia to the growing roster of countries offering CFP certification. Canada is currently represented on the nine-member international FPSB Board of Directors by Margaret Koniuck, CGA, CFP, who is the current chair of the international FPSB and past chair of Canada’s FPSC, and by Peter Volpé, CFP, who is the 2006/07 Chair of FPSC. (see “About FPSB”).
"Bringing CFP certification to Indonesia will be of great service to this vast population. As Canadians can testify, financial planning as provided by CFP professionals can prepare one for the expected and unexpected events of a life-time, resulting in control and, therefore, peace of mind over one’s financial affairs," says Volpé.
As an Affiliate member of FPSB, FPSB Indonesia has responsibility for offering CFP certification in Indonesia; localizing the global CFP certification standards to the Indonesian marketplace; registering education providers to offer courses; overseeing the administration of CFP certification exams; ensuring that individuals who use the CFP marks in Indonesia are properly authorized; and establishing, enforcing and promoting initial and ongoing competency, ethics and practice requirements for CFP professionals in Indonesia.
“We are honoured to have received the trust from FPSB and the international financial planning community to become the 19th FPSB affiliate in the world,” said Mr. Tri Djoko Santoso, FPSB Indonesia Chairman. “As financial planning grows as a profession in Indonesia, the need for high-level, globally-recognized certification in the country is greatly needed.”
ABOUT FPSB: FPSB is governed by a nine-member international board of directors and supported by the FPSB Council, an advisory group representing 19 organizations (FPSB Affiliates) that currently manage the CFP certification in their respective countries and one organization in the process of becoming an FPSB Affiliate. Countries or regions where FPSB has a nonprofit member organization that offers, or is preparing to offer, CFP certification include: Australia, Austria, Belgium, Brazil, Canada, Chinese Taipei, France, Germany, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the People’s Republic of China, the Republic of Korea, Singapore, South Africa, Switzerland and the United Kingdom.
FPSB purchased the CFP certification and service marks outside the U.S. and its territories from Certified Financial Planner Board of Standards Inc. (CFP Board), Denver, Colorado. CFP Board is owner of the CFP marks in the U.S. FPSB and CFP Board recognize their shared interest and responsibility in advancing the standards of the CFP certification program in their respective territories and have agreed to cooperate in this effort. There are currently over 100,000 CFP professionals worldwide.
ABOUT FPSB INDONESIA: FPSB Indonesia is a non-profit foundation supported by Financial Planning Association Indonesia (FPAI) to administer the CFP certification program to benefit consumers and establish financial planning as a profession in Indonesia. FPAI is supported by a broad cross section of financial services firms including: AIA, AIG, AXA, AXA Mandiri, Bank Mandiri, Bank ABN AMRO, Bank Lippo, Bank Central Asia, Commonwealth Bank, Panin Life, Danareksa and Schroders. For more, visit www.fpaindonesia.org.
ABOUT FINANCIAL PLANNERS STANDARDS COUNCIL: Financial Planners Standards Council (FPSC) is a not-for-profit organization established in 1995 to lead the development of the financial planning profession. FPSC develops and enforces the highest standards in financial planning competency and ethics for individuals who hold the CFP® (CERTIFIED FINANCIAL PLANNER®) in Canada. There are currently about 17,000 CFP professionals in Canada and more than 100,000 individuals who have earned CFP certification in 20 countries around the world. See www.cfp-ca.org for more information.
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CFP®, CERTIFIED FINANCIAL PLANNER® and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planners Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.
certification marks outside the U.S., announced that it has entered into a licensing and affiliation agreement with Financial Planning Standards Board Indonesia (FPSB Indonesia) that will allow the non-profit foundation to become the exclusive administrator of CFP certification in Indonesia. At a recent FPSB Council meeting held in Hong Kong, FPSB Indonesia demonstrated that it had met FPSB’s requirements to become an Affiliate member, and has now been authorized to administer CFP certification examinations and oversee the development, enforcement and promotion of CFP certification in the world’s fourth most populous country.
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