Financial Planning Standards Council (FPSC) and the Institut québécois de planification financière (IQPF) have released an app to facilitate the use of the unified Projection Assumption Guidelines (PAGs) for financial planners across Canada.
Developed by a committee of financial planners who are also actuaries and updated annually, the PAGs aid financial planners in making medium and long-term financial projections that are free from potential biases or predispositions.
The app will be available to CFP professionals who log in to Financial Planning Standards Council’s FPSC Portal and to Pl. Fin. directly through www.iqpf.org. The app, which is built for both Apple and Android operating systems, was developed with the collaboration of Quebec-based Kronos Technologies.
The PAGs followed the release of the Canadian Financial Planning Definitions, Standards & Competencies — a joint publication of FPSC and IQPF, the two organizations that establish and maintain standards for the financial planning profession in Canada. The national standards and definitions were developed in consultation with financial planners and industry firms from across the country.
See: An important first step in regulating financial planning