Happy Financial Planning Week

Financial Planning Week has commenced and to mark the occasion, the Financial Planning Association of Australia (FPA) has commissioned research to highlight the difference in quality of life between advised and unadvised Australians.

The research, which will be undertaken by financial research consultancy MYMAVINS, will look at the quality of life, financial confidence and financial satisfaction of those who receive financial advice and those who don’t.

FPA’s CEO, Sarah Abood, explained that Financial Planning Week is designed to promote awareness of the benefits of financial planning and highlight the proven satisfaction of Australians who have a financial plan.

“We encourage our members, and all financial planners, to take part in the conversations that will be taking place throughout Financial Planning Week, and help spread the message that a financial plan gives Australians the confidence to get through today and prepare for the future, no matter what life throws at you,” Ms Abood said.

“The FPA has developed a toolkit for its members to help them promote the week and the value of their own services and expertise,” she added.

The toolkit will include new research findings, social media images and infographics for organisations to use on their websites.

Financial Planning Week coincides with the 7th annual World Financial Planning Day on the 5th of October, hosted by the global Financial Planning Standards Board Ltd (FPSB).

The aim of this day is to bring together the global financial planning profession to help raise awareness of the value of financial planning, having a financial plan, and working with a financial planner who has committed to standards of competency and ethics, and putting clients’ interests first.

“During a time of global economic uncertainty, people may feel vulnerable and concerned about their finances and their futures,” commented FPSB’s CEO Noel Maye.

“World Financial Planning Day provides the global financial planning profession with the opportunity to educate the public about financial matters, and demonstrate how financial planners who have committed to putting clients’ interests first, can help people navigate complex financial decisions to live their today and plan their tomorrow.”