Financial Planning Week 2017, which commences 8 May, represents a national initiative organised by the Chartered Institute for Securities & Investment (CISI) to bring financial planning to the consumer forefront. It was started in 2008 by the Institute of Financial Planning, which ran the campaigns annually until the merger with the CISI in 2015. Many other countries such as the US, Canada, Australia and South Africa use Financial Planning Week campaigns to successfully attract consumer attention to the benefits of financial planning.
In the UK, the week brings together Certified Financial Planner professionals, Accredited Financial Planning Firms, schools and industry media in a week dedicated to helping improve the financial fitness of the British public.
CISI is encouraging all UK consumers to sign up for free financial planning sessions offered by financial planning professionals during the week.
The free one hour consultations, which are worth up to £500, are being offered by CFP professionals and other professional advisers throughout the UK. Consumers are being encouraged to book a session with a local financial planner via cisi.org/fpweek emailing email@example.com or calling 020 7645 0708. However, the opportunity to take part in the campaign and to provide free consultations extends to all financial planning firms in the UK. Individuals do not need to be CFP professionals in order to do so.
The CISI reports that with almost 50 financial planning firms already committed to taking part, the aim is to shine the spotlight on financial planning, and to help people to take appropriate steps to organise their money to achieve specific life goals. They have produced an infographic for consumers who intend taking advantage of the free financial planning surgeries entitled “five things to do before your free financial planning hour”.
“Financial planning is a relationship-based process, which aims to help everyone, no matter what their age or financial circumstances. It allows those with money to plan their spending and saving wisely, but also those without, to work with a qualified CFP or CISI professional who can support them in reaching their financial goals. Financial planners do not just work with wealthy individuals,” said Jacqueline Lockie, Deputy Head of Financial Planning at the CISI.
Financial planning firms will be offering:
- Free consultation surgeries, either in person, via skype or over the phone
- ‘Ask a Planner’ online sessions
- Talks to schools across the country about the merits of the financial planning profession
Ian Painter of Affinity Integrated Wealth Management said that throughout financial planning week: “We are here to support people with the big questions in life eg when can I afford to retire? Most consumers don’t take time to think about these or even know where to begin. Issues such as making sure the family are ok, that you can afford to do the things you want to and protect what you have.”
Martin Bamford, Managing Director at Informed Choice Ltd said: “We are pleased to help support Financial Planning Week again this year. The best way to share the benefits of financial planning is to talk about the work we are doing with clients on a daily basis, changing lives and helping achieve long-held goals. Throughout the week commencing 8th May we’ll be writing, podcasting and making videos about various aspects of financial planning, which we hope will be shared with a wide audience and encourage readers, listeners and viewers to take positive action.”
Firms wishing to take part in Financial Planning Week 2017 should contact Cisi.org/fpw. You can also follow the action on Twitter, using the hashtag #FPWUK and #lifesbetter. The CISI’s Wayfinder facebook page will also be showing details of what is going on.