The Institute of Financial Planning has appointed a new training and educational team, following the...
The Institute of Financial Planning has appointed a new training and educational team, following the loss of Jackie Elliott to the AITC, as part of its drive to develop members' financial planning standards and bring them into line with its international colleagues.
Jody Goldsworthy has been brought in as Training Manager, alongside Jim Higgins who has moved from Axa to become the IFP's education officer, but both roles are now part of a wider aim to try and establish an international standard of financial planning which its members will be able to live up to.
Goldsworthy should have substantial experience of the way in which adviser standards have to be altered rapidly as well as the manner in which a financial market can change quickly. Prior to working for the IFP, Goldsworthy worked with the Financial Planning Association and the Institute of Chartered Accountants in Australia - both of which eventually merged to become one body - which, like the UK, had to cope with a changing regulatory environment and the introduction of multi-tied advisers. many financial advisers were forced to become multi-tied advisers in Australia.
Likewise, Goldsworthy will be in a useful position to help the IFP ensure its members financial planning standards match those of their international counterparts - as the International CFP Board hopes to establish under its new Australian President, Ray Griffiths from the FPA - once all 15 international financial planning bodies agree a standard which they believe all financial planners and paraplanners should be able to meet.
The International CFP is currently working on plans to introduce a standardized level of financial planning among its members, partly because many countries still have unregulated financial advice and therefore do not have a sufficient benchmark to meet.
Members from countries which do have regulated financial planning are looking to develop regional trade bodies in the Far East, Europe and the Americas to ensure all country-based advisers meet a standard of financial planning and business management which is higher than that already seen in the UK.
Goldsworthy's main responsibility will now be to oversee and develop the regional programmes of the IFP, working with members, sponsors and build events matching this world standard.
Higgins will work with Goldsworthy to oversee the development and marketing of the Certified Financial Planner Programme, as well specialist training days for members.
Nick Cann, chief executive of the IFP, says the many reviews now in the place in the UK mean Goldsworthy's experience will be vital to its development.
"With Jody's Australian experience, we shall be able to draw on successful stories and business models there to help with our development here."
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