FPSB India, FAAA sign MoU to promote greater collaboration between financial planning communities in India and Australia

The partnership seeks to offer greater collaboration between financial planning communities in India and Australia.

Published on: Nov 5, 2024, 11:21:44 IST

By HT Education Desk

Prefer HTon Google

Share via

Copy link

The Financial Planning Standards Board (FPSB) India and Financial Advice Association Australia (FAAA) have signed a memorandum of understanding (MoU) to promote cross-border mobility and professional development for Certified Financial Planner (CFP) aspirants and professionals.

The MoU between FPSB India and FAAA is aimed at allowing a seamless transition for CFP professionals, financial advisers, and students relocating between India and Australia.

The agreement was signed between Krishan Mishra, CEO of FPSB India, and Sarah Abood, CEO of FAAA, in the presence of FPSB CEO Dante De Gori and FAAA Chair David Sharpe in São Paulo, Brazil, during FPSB's 20th-year celebrations.

Also read: SSC GD 2025: Correction window opens at ssc.gov.in, make changes till November 7

The MoU will offer 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, a press release informed.

Additionally, the two entities will jointly bridge educational content and partner with universities in both countries to establish pathways for certification for aspirants.

Also read: PM Modi to lay foundation for AIIMS in Darbhanga on November 13, informs MP Gopal Jee Thakur

Moreover, it seeks to enable CFP professionals to meet local regulatory requirements when seeking employment across borders.

Following are some of the highlights of the MoU:

Strengthening professional development and global exposure

Through the partnership. FPSB India and FAAA aim at creating continued professional development (CPD) opportunities for financial professionals in both countries.

As per the press release, Indian CFP professionals will be able to access FAAA-accredited CPD programs while in India, allowing them to complete required coursework before seeking certification, or employment in Australia.

Likewise, Australian CFP professionals will have the opportunity to prepare for the Indian market through local CPD programs.

Furthermore, the two organisations will also work together to align certification requirements under FPSB’s cross-border certification policies.

Also read: Study fashion design: From Michael Kors to Jimmy Choo, here's where some top designers studied in NYC & London

2. Facilitating employment opportunities and networking

Another benefit of the agreement is that it will support CFP professionals and students from India in their transition to Australia through networking opportunities with Australian financial services firms, planning practices, and superannuation trustees.

Krishan Mishra, CEO of FPSB India, highlighted that the partnership is a crucial step towards the continuous efforts towards globalising financial planning standards and opportunities for aspirants and professionals.

“By collaborating with FAAA, Australian universities and firms, we aim to equip Indian CFP professionals with international competencies while ensuring a smooth transition across borders. It opens new avenues for our financial planning community to grow and thrive in a global market,” he added.

Sarah Abood, CEO of FAAA, said that the partnership with FPSB India will create pathways for financial professionals to move between Australia and India.

“We hope this agreement with FPSB India will lead to more advisers working with Australians to help them achieve their financial goals,” Abood added.

ABOUT THE AUTHOR
HT Education Desk
For over a decade, the Hindustan Times Digital Streams – Education Desk has been a trusted source for accurate, in-depth, and timely news on education and careers. We bring the latest updates on board exams, competitive exams, results, employment news, study abroad, scholarships, and school and college admissions, helping students, job seekers, and educators make informed decisions. Our Coverage Areas 1. Board Exams & Results: Comprehensive reporting on CBSE, CISCE, and state board exams (UP, Bihar, Maharashtra, West Bengal, Rajasthan, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and others), including schedules, admit cards, answer keys, results, and career opportunities. 2. Competitive Exams: Insights into major exams like UPSC, JEE, NEET, GATE, CAT, SAT, and state and central government services. Exam Results: Timely updates on UPSC, SSC, SBI, IBPS, NTA, IIMs, and other competitive exam results. 3. Employment News: Notifications on government and private sector jobs, vacancies, eligibility, application processes, and results. 4. Study Abroad: Information on top universities, courses, tuition fees, scholarships, visa regulations, and career prospects for international students. Features & Analysis: Opinion pieces, expert explainers, deep-dive reports, and interviews with key figures in education. 5. Breaking Education News: Real-time updates on major policy changes, institutional reforms, and trends shaping the education sector. 6. With a commitment to factual, unbiased journalism, HT Digital’s Education Desk has seen continuous growth in readership, offering credible and engaging content tailored for students, parents, and professionals. Meet the Team 1. Nilesh Mathur – News Editor A journalist with 24 years of experience, including 18+ years at Hindustan Times, Nilesh leads editorial planning, ensures factual accuracy, and enhances audience engagement through strategic content. 2. Papri Chanda – Deputy Chief Content Producer With over a decade of experience in education journalism, Papri specializes in exam-related content, study abroad insights, and education trends. She also explores new opportunities in education that benefit students. 3. Bishal – Senior Content Producer Active in the education and jobs sector since 2019, Bishal focuses on tracking developments, analyzing trends, and crafting informative content for students and job aspirants. 4. Gaurav Sarma – Deputy Chief Content Producer A multimedia journalist with 9+ years of experience, Gaurav is skilled in research-based storytelling, feature writing, and reporting on competitive exams, online courses, and education trends. At Hindustan Times Digital Streams – Education Desk, we strive to be the go-to platform for students and professionals navigating the dynamic world of education and careers.Read More

Get latest updates on NIRF Ranking along with Education and updates on other Board Exams and Competitive Exams at Hindustan Times. Also get latest Job updates on Employment News.