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UK Consumers Still Failing to Save for Retirement

Nick Cann CFP United KingdomBy Nick Cann, CFP

The Institute of Financial Planning launched its fourth annual Financial Planning Week in November, and with it, our fourth annual consumer survey carried out by YouGov in association with National Savings and Investments (NS&I). Once again, this year’s survey results showed the uncertain financial situation that we are in as UK Plc. The survey revealed that people are understandably worried about their finances in these tricky times, yet don’t know what to do to improve them. There appears to be very little confidence in the broader financial services sector.

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Building The Financial Planning Profession Through Education

KK Goel - CFP IndiaBy DR. (Col.) KK Goel, CFP

Financial planning is in its nascent stages in India. The concept of financial planning in India was initiated by The Association of Financial Planners (India), later on renamed as FPSB India, in 2003. Of the 1,500 CERTIFIED FINANCIAL PLANNER professionals all over India, we have around 125 of them in Delhi, which is a small figure for India’s capital and a big state, with a population of 12.8 million. Many of them are either in jobs that do not involve financial planning or are practicing more as financial product sellers than as financial planners. There are very few CERTIFIED FINANCIAL PLANNER professionals who are, in a real sense, practicing as financial

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The State of the Korean Financial Planning Profession

By: Jaeki Jung, CFP

In Korea, the term “financial planner” is considered to have a definition similar to that of “insurance planner.” This is because life insurance firms have designated their insurance planners as “financial planners,” “financial consultants,” or “financial advisers” even before the introduction of the CFP certification, and consumers have become familiar with such designations.

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Death of the Salesman: Financial Planning In South Africa

Warren Ingram CFP South AfricaBy Warren Ingram, CFP

Financial planning in South Africa is undergoing a dramatic and sustained transformation driven largely by legislation that has been implemented, in stages, since 2002. The result of this legislation is a financial planning industry that is becoming more advice-focussed and less product-driven. One of the most significant results of this new legislation was the protection provided to South Africans from the worst effects of the American Financial Crisis in 2008.

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The State of the Financial Planning Profession in Korea

Junesoo Chang, CFPBy Junesoo Chang, CFP

In Korea, the financial planning profession is not yet widely recognized by the public. Likewise, not many Koreans distinguish financial planners from ordinary financial advisors. I think financial planning is still in its early stages here.

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What Makes Financial Planning a Profession?

Joel Redmond, CFPBy Joel T. Redmond, CFP

We all have certain expectations when we purchase a product or service from someone, whether we realize it or not. Think of a doctor with a cigarette hanging out of his mouth and dirty fingernails asking you to stick your tongue out and say “ahh.” Or, a college professor who gives everyone an A, whether students turn in term papers that are publishable or written in Crayola.

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How is a Financial Planner Different from an Advisor?

By Mark DiGiovanni, CFP

Before I jump into the main topic, allow me to address the potential distraction of “advisor” vs. “adviser.” Both spellings are technically correct for our purposes. I prefer “advisor” for a couple of reasons. First, I feel that “advisor” conveys a certain respectability and panache that “adviser” just seems to lack. Second, my broker-dealer refers to “advisory” services, and I don’t want my clients thinking one of us can’t spell.

Back to the main topic – is there a difference between a financial planner and a financial advisor, and, if so, what might that difference be?

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Korea’s Financial Planners Anticipate and Drive Growth for the Next Decade

By Daehong Kwon, CFP
Nearly a decade has passed since Korea saw its first CFP professional when the FIFA World Cup Korea-Japan 2002 took place. Currently, CFP professionals are playing a key part in the operations of most financial institutes such as banks, security firms, insurance companies, and recently, a growing number of CFP professionals are carrying on their own business independently.

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