FPSC Applauds Report From Canada's Task Force on Financial Literacy and Calls on All Stakeholders to Act on the Recommendations, for the Future Well-being of Canadians

TORONTO, Feb. 9 /CNW/ - Financial Planning Standards Council (FPSC) applauds the work of Canada's Task Force on Financial Literacy and commends the final report, made public today, which outlines recommendations for Canada's first-ever National Strategy of financial literacy.

"This comprehensive report encompasses a number of important recommendations that will move Canada in the right direction towards advancing financial literacy skills," says Cary List, President and CEO, FPSC.

The final report addressed many critical factors in ensuring a more financially literate Canadian public. Key recommendations consistent with those outlined by FPSC in its May 2010 submission to the federal Task Force on Financial Literacy include: a focus on behavioural change rather than just increasing knowledge; acknowledging the importance of shaping financial behaviours in youth; shifting the focus from 'saving for tomorrow' to addressing the broader spectrum of goals in all life stages; and encouraging Canadians to learn more about how to hire financial professionals as a means to safeguard themselves against financial fraud.

"This is potentially a watershed moment for the future financial well-being of Canadians.  We urge the Government of Canada, provincial and territorial governments, and other stakeholders to take action to ensure the report's recommendations are fully realized.  FPSC looks forward to working with all stakeholders to implement the National Strategy," adds Cary List.

FPSC executives are available for interviews.


See FPSC's Submission to the Federal Task Force on Financial Literacy at: http://www.fpsc.ca/documents/submission-task-force-financial-literacy

About Financial Planning Standards Council

Financial Planning Standards Council (FPSC) is a not-for-profit organization dedicated to ensuring the financial planning needs of Canadians are well served. We develop, promote and enforce professional standards in financial planning through CFP® certification, and raise awareness of the importance of financial planning to Canadians. FPSC has received ISO 17024 accreditation from the Standards Council of Canada (SCC) for its role as the certifying body for the CFP® certification program in Canada. FPSC licenses the CERTIFIED FINANCIAL PLANNER® marks in Canada. There are currently more than 17,500 CFP professionals in Canada and more than 134,000 individuals who have earned CFP certification in 23 countries around the world. These individuals are licensed to use the registered marks: CFP®, CERTIFIED FINANCIAL PLANNER® and CFP (with flame logo)®. See www.fpsc.ca for more information.

CFP®, CERTIFIED FINANCIAL PLANNER® and CFP (with flame logo)® are trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Council is the marks licensing authority for the CFP Marks in Canada, through agreement with FPSB.

Copyright 2010 Financial Planning Standards Council. All rights reserved.

SOURCE Financial Planning Standards Council

For further information:


Eileen Chadnick
Chadnick Communications (for FPSC)
416.631.7437 or eileen@chadnick.com

Heather Mills
416.593.8587 x 235 or hmills@fpsc.ca

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