FPSB India, the Indian subsidiary of Financial Planning Standards Board Ltd., the global standards-setting body for the financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER® certification programme, has signed a strategic Memorandum of Understanding (MoU) with the Indian Institute of Banking and Finance (IIBF) to enhance educational and professional opportunities for aspiring financial planners in India.
Under this significant partnership, candidates who have successfully acquired the CAIIB qualification from IIBF will be exempted from passing the first three modules of CFP Certification and become eligible to enrol in FPSB India’s Integrated Financial Planning module through the Challenge Pathway. To qualify for this pathway, candidates must also have a valid three-year experience in banking and financial services, according to an official statement.
FPSB India provides the globally recognized CFP® certification, representing excellence in financial planning by adhering to stringent competency and ethical standards. It employs over 2,500 CFP professionals in India and is part of a global network of organizations that use over 213,000 CFP professionals globally.
Expressing his enthusiasm about the partnership, Chief Executive Officer of FPSB India, Krishan Mishra, stated:
This MoU is a pivotal moment in India’s financial services sector. It brings together two esteemed institutions, FPSB India and IIBF, to promote professionalism and excellence in financial planning. The exemption for CAIIB candidates is a testament to our commitment to recognizing and facilitating the career growth of skilled individuals.
In addition to the exemption provision, FPSB India will extend a special discount on the total course fees, examination fees, and other applicable fees to eligible CAIIB candidates who apply for the Certified Financial Planner (CFP) certification under the Challenge pathway.
Biswa Ketan Das, CEO of IIBF, shared his perspective on the collaboration, saying:
IIBF is proud to collaborate with FPSB India to offer a seamless pathway for CAIIB-qualified professionals to embark on a rewarding journey in financial planning. This strategic partnership reflects our commitment to fostering excellence in banking and finance education.
Furthermore, FPSB India and IIBF hope to develop their collaboration further by organizing joint seminars, webinars, and conferences on various financial planning and other related topics. The FPSB India-IIBF MoU is poised to benefit the financial services industry and aspiring financial professionals in India. It aligns with the mission of both organizations to promote education, professionalism, and ethical standards in the financial planning domain.
The Indian Institute of Banking & Finance (IIBF), formerly known as The Indian Institute of Bankers (IIB), is a professional organization in India that represents banks, financial institutions, and their employees. The company aims to develop professionally qualified and competent bankers and finance professionals through education, training, examination, consultancy/counselling, and continuing professional development programmes. The Institute is managed by a Governing Council comprising representatives of major Banks, the Reserve Bank of India, the Indian Banks’ Association, the Institute of Banking Personnel Selection and an academician from the Indian Institute of Technology, Bombay.
