FPEC chair steps down

The Financial Planning Education Council (FPEC) chair has stepped down from his post.

Mark Brimble was appointed to the role in November 2013 and currently serves as a board director of the Financial Adviser Standards and Ethics Authority (FASEA).

Sharon Taylor, FPEC deputy chair and a senior lecturer at Western Sydney University, will serve as acting chair while a suitable replacement is found.

The Financial Planning Association of Australia (FPA) said Brimble's decision to resign follows "FASEA's announcement to adopt FPEC's framework and course approval list." The FPA recently announced it distanced itself from the draft education guidelines for existing advisers proposed by FASEA.

FPEC was established by the FPA in 2011 as an independent body chartered with raising the standard of financial planning education and promoting financial planning as a distinct learning area and a career of choice.

FPA chair Neil Kendall thanked Brimble for his "outstanding contribution in helping to build FPEC" and the work he's done to raise the standards of financial planning education since he joined as chair.

Brimble was responsible for launching the Financial Planning Research Journal and establishing a research grant to foster academic research in financial planning.

"In this volunteer role, Mark has guided the development of a world leading university curriculum for bachelor degrees in financial planning. The FPA recognises Mark's commitment and dedication to advancing the profession, and we commend him on his hard work," Kendall said.

Elsewhere, new figures from the Financial Planning Standards Board (FPSB), the global licensing body of Certified Financial Planner (CFP) professionals, reported a 3.2% rise in the number of qualifications in 2017.

The FPSB network added 15,726 CFPs, bumping the total number to a record high of 175,573 worldwide.

The number of CFPs in Australia stood at 5702, FPA chief executive Dante De Gori said.

"It is very important for Australians to know what to look for when they are seeking financial advice. The CFP designation is the gold standard in advice and research shows that people who work with a CFP professional generally feel more confident in achieving their financial goals," De Gori said.

He added the CFP designation is the only financial planning designation recognised worldwide that requires financial planners to adhere to world-class professional and ethical standards.

Read more: Financial planningFPECFPAFASEAFinancial Planning Education CouncilFPSBAustraliansDante De GoriFinancial Planning Association of AustraliaMark BrimbleNeil KendallSharon Taylor
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