Date:19/03/2004 URL: http://www.thehindubusinessline.com/2004/03/19/stories/2004031900680400.htm

Back Training norms waived for qualified financial planners

Our Bureau

Mumbai , March 18

THE Insurance Regulatory and Development Authority has exempted qualified chartered financial planners from the mandatory 100 hours of training required, according to Mr Ranjeet Mudholkar, Chief Executive Officer, Association of Financial Planners. The association is lobbying with the government to make the Chartered Financial Planner (CFP) certification mandatory for distributors and other participants in the financial services industry, he said.

The association is also changing its name to Financial Planning Standards Board of India, according to Mr Mudholkar. Around 70-80 participants are expected to take their final module of the CFP examination in October.To promote the move to fee-based financial planning and advice to clients the association has launched an education provider programme, a tie-up between itself and educational institutions or corporates that would tutor potential candidates.