World Financial Planning Day Program Offers Practical Advice
To raise awareness and promote the value of financial planning for everyone, the Financial Planning Standards Board (FPSB) is hosting the fourth annual World Financial Planning Day on October 7.
The FPSB Network represents nearly 190,000 certified financial planning professionals across 27 territories worldwide, and the World Financial Planning Day activities include a range of programs and events to educate consumers about improving their financial status and developing a plan to stay on track.
"As we continue to deal with a global pandemic, more people are feeling life and financial stress, looking to an uncertain future while dealing with a volatile present," according to Noel Maye, CEO of FPSB.
"Recognizing that the pandemic requires near-term adjustments which might overshadow long-term plans, our global campaign theme - Live Your Today. Plan Your Tomorrow - demonstrates how financial planning can help us make financial decisions that keep us on track for the future we envision," he emphasizes.
A key goal of World Financial Planning Day is to improve financial literacy across all populations, according to the FPSB.
Data from S&P Global suggest that only about one third of adults worldwide are financially literate, particularly women and young adults. Programs and events include topics for a range of life stages such as strategies for saving, debt management, home ownership, and retirement planning.
World Financial Planning Day also includes a video contest to encourage consumers to explore financial planning. To enter, participants submit a video of 30 seconds or less on the World Financial Planning Day website, worldfpday.org, with an answer to the question, "How could meeting with a CFP® professional help you plan your tomorrow?" Five entrants will win a session with a local CFP, plus $1,000 to be used to pay off debt, save for education, prepare for retirement, or put towards other financial goals. Entrants must be 18 years of age or older, and reside in an FPSB affiliate territory.
In addition, World Financial Planning Day includes a live global event for financial professionals on the topic of The Future of Financial Planning in the New Normal.
Visit worldfpday.org for more information and resources, and to find a certified financial planner near you.
You can participate in World Financial Planning Day on social media using by using the hashtag #WFPD2020 on Facebook, Twitter and LinkedIn.
