Financial Planning Institute Launches Financial Planning Week The Big Drive 4 Financial Freedom

21 September 2017 - Johannesburg: The Financial Planning Institute (FPI) today launched its Financial Planning Week, a Big Drive 4 Financial Freedom initiative.

The initiative forms part of the International Organisation of Securities Commission World Investor Week (2-8 October 2017) and World Financial Planning Day (4 October 2017), a Financial Planning Standards Board Initiative.

As part of its global campaign, IOSCO has invited securities regulators from six continents, South Africa being part of this, alone or in partnership with local and international non-profit groups to provide programmes and events to promote the importance and value of investor education and protection.
 
FPI, supported by the Institute’s network of CERTIFIED FINANCIAL PLANNER®/CFP® professionals, will embark on a drive to promote access to professional financial planning and provide financial education across South Africa from September until October 2017.

With the current household debt at R 1.6 trillion, the debt ratio at 74%, over R3 billion spent on gambling and one in two people confirming they would have to rely on their family for financial support when they retire, it is clear that South African consumers need assistance with financial planning. FPI is well placed to lead this process with its more than 4500 CERTIFIED FINANCIAL PLANNER® professionals across the country. 
 
During World Financial Planning Day, Financial Planning Standards Board (FPSB) and its network of member organisations representing a global community of over 170,000 CERTIFIED FINANCIAL PLANNER® professionals will provide programs to promote consumer awareness and understanding of financial planning topics including debt management; preparing for an unexpected financial emergency; home ownership; building savings; investment planning; and preparing for retirement. 

In South Africa, FPI will hold a number workshops such as its FPI MYMONEY123™ financial education outreach programme. It will ensure consumers have a better understanding of planning with money, managing a personal budget, the downside of personal debt and how to reduce it, as well as linking behaviour, budgeting and debt management to savings and investments. Essentially the “1 2 3” of money. Attendees receive an interactive workbook and a complimentary budget planner at each workshop. 

Said David Kop, CFP® Head: Public Policy and Consumer Affairs at FPI, “We are proud to be part of the World Financial Planning Day and World Investor Week. We will be working together with the global community of CERTIFIED FINANCIAL PLANNER® professionals to help millions of citizens improve their financial well - being and build a better future.”

“The ongoing objective of FPI and aim of its financial education programmes is to promote professional financial planning for all. It is about creating awareness and starting a conversation about money skills and financial planning,” concluded Kop.

For more information on financial literacy education, or the FPI MYMONEY123™ initiatives, call FPI on (011) 470-6000 or email mymoney123@fpi.co.za . You can also visit www.letsplan.co.za (powered by FPI).

Media contact:
Tsholofelo Dihutso CPRP
Financial Planning Institute (FPI)
Communications and PR Manager
T:(011) 470-6000
E: media@fpi.co.za  

Compiled and distributed for FPI by:
Marilyn Watson
Cinnamon Communication
M: 082 897 7752
E: marilyn@cinnamoncommunication.co.za