Financial Planning Week
From the 17th to 23rd of October this year it was Financial Planning Week in Canada and I think it is something that should be spread out all across the globe and I would love to see Britain partaking in this next year.
The week was there to raise awareness and as a call to action for people to collaborate and try to get meaningful change for the benefit of all Canadians. Similar weeks are already being held in the U.S. and Quebec.
This is what the site itself says about the week:
THE HEART OF FINANCIAL PLANNING WEEK: VISION 2020
Imagine if, by the year 2020, Canada becomes a nation of organizations, a regulatory environment and a populace that:
- Values financial planning and its role in the betterment of people’s lives
- Shares responsibility for ensuring the financial planning needs of Canadians are well served
- Has a viable, trusted and respected financial planning profession that provides competent, ethical financial planners for all Canadians in need of professional advice
Financial Planning Week uses the following items as guiding principles for its activities and discussions. By the year 2020, we hope to see that:
- every high school graduate has experienced some introductory financial planning curriculum and thus can make better-informed decisions about their finances, ultimately putting them on the path to a better financial future in later years;
- there is a regulatory environment that provides the support and landscape to encourage the various stakeholders such as industry, employers and individuals to adopt the values and associated behaviors of financial planning.
- industry responsibly promotes financial planning and clearly distinguishes financial planning from product advice
- Canadians understand the distinction between product and financial planning advice and recognize the value and appropriate place for each
- there are a sufficient number of duly licensed financial planners across Canada whom all Canadians who seek professional financial planning advice can count on to help them meet their life goals;
- Canadians see value in financial planning and are incorporating more of it in their lives;
They also have a section with 10 things to do to help celebrate the week that include things such as reflecting on your life goals, what do you want to aim towards, talking to your partner about family planning and simple things such as creating a monthly budget.
With the state of the economy at the moment I think we could all take a leaf out of the Canadians books and try to get this happening over here as well. Financial planning is an important part of life and the more help and better we get with it the better the country does as a whole.
The video below has more information.
