The number of certified financial planners (CFPs) in the UK has doubled in less than three years, according to the Institute of Financial Planning (IFP).
The Institute says the UK is on track to pass 1,000 CFPs by the end of the year, with numbers climbing 20% during 2008 and 50% since the end of 2006. It adds the percentage growth of UK CFPs is higher than the percentage growth across the world, in which there are now almost 120,000 CFPs, double the figure since 2001. According to the Financial Planning Standards Board (FPSB), which owns the CFP, there were 118,506 certified individuals across the globe at the end of 2008. Statistics also show the majority of CFP professionals (59,676) are now doing business outside of the United Stat...
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