FPSB India & FAAA Signs MoU To Boost Cross-Border Opportunities For Certified Financial Planners
Expands opportunities for Certified Financial Planners (CFP) professionals in India and Australia to work in both countries and gain international exposure.
FPSB India, a subsidiary of the Financial Planning Standards Board (FPSB) and the Financial Advice Association Australia (FAAA), have signed a memorandum of understanding (MoU) to promote cross-border mobility and professional development for CFP aspirants and professionals. This strategic partnership provides greater collaboration between the financial planning communities in India and Australia, allowing a seamless transition for CFP professionals, financial advisers and students relocating between the two countries. The MoU was signed between Krishan Mishra, CEO, FPSB India and Sarah Abood, CEO, FAAA in the presence of Dante De Gori, FPSB CEO and David Sharpe,FAAA Chair at São Paulo, Brazil during FPSB’s 20 year celebrations.
The two entities will jointly develop bridging educational content and partner with universities in both countries to establish pathways for certification for aspirants and subsequent professional growth. One of the key objectives is to enable CFP professionals to meet local regulatory requirements when seeking employment across borders.
Strengthening professional development and global exposure
This partnership between FPSB India and FAAA will create continuing professional development (CPD) opportunities for financial professionals in both countries. The collaboration will ensure Indian CFP professionals can access FAAA-accredited CPD programmes while in India, allowing them to complete required coursework before seeking certification or employment in Australia. Similarly, Australian CFP professionals will have the opportunity to prepare for the Indian market through local CPD programmes.
Furthermore, the two organisations will work together to align certification requirements in accordance with FPSB’s cross-border certification policies. This will make it easier for Australian CFP professionals to seek certification in India, fostering professional exchange and collaboration.
This agreement also facilitates a pathway for Indian CFP aspirants to gain Australian financial planning qualifications, including units of study that meet Australian legislative standards.
Facilitating employment opportunities and networking
As part of this initiative, CFP professionals and students from India will be supported in their transition to Australia through networking opportunities with Australian financial services firms, planning practices and superannuation trustees. The MoU also facilitates the creation of professional year placements for Indian professionals, helping them build valuable experience and expand their global career prospects.
