INDONESIAN FOUNDATION AWARDED EXCLUSIVE RIGHTS TO ADMINISTER CFP CERTIFICATION PROGRAM IN WORLD’S FOURTH MOST POPULOUS COUNTRY

JAKARTA, 12 DECEMBER – Financial Planning Standards Board Ltd. (FPSB), the owner of the CFP, CERTIFIED FINANCIAL PLANNER and CFP(with flame logo) marks outside the U.S., today announced that it has entered into a licensing and affiliation agreement with Financial Planning Standards Board Indonesia (FPSB Indonesia) that will allow the nonprofit foundation to become the exclusive administrator of the CFP certification program in Indonesia. At a recent Hong Kong meeting of the organizations that offer CFP certification globally, FPSB Indonesia demonstrated that it had met FPSB’s requirements to become an Affiliate member of FPSB, and has now been authorized to administer CFP certification examinations and oversee the development, enforcement and promotion of CFP certification in the world’s fourth most populous country.

“Financial Planning Standards Board is pleased to have a partner of the caliber of FPSB Indonesia to help us establish a financial planning profession centered on the principles and standards of the CFP certification marks in Indonesia,” said Elaine E. Bedel, CFP, FPSB Chairperson. “FPSB Indonesia has demonstrated its commitment to developing, administering and maintaining rigorous standards for the CFP certification program in Indonesia. On behalf of the 100,000 CFP professionals worldwide, we welcome FPSB Indonesia to the global community of professional financial planning certification bodies.”

As an Affiliate member of FPSB, FPSB Indonesia has responsibility for offering the CFP certification in Indonesia; localizing the global CFP certification standards to the Indonesian marketplace; registering education providers to offer courses; overseeing the administration of CFP certification exams; ensuring that individuals who use the CFP marks in Indonesia are properly authorized; and establishing, enforcing and promoting initial and ongoing competency, ethics and practice requirements for CFP professionals in Indonesia.

“We are honored to have received the trust from FPSB and the international financial planning community to become the 19th FPSB Affiliate in the world,” said Mr. Tri Djoko Santoso, FPSB Indonesia Chairman. “As financial planning grows as a profession in Indonesia, the need for a high-level, globally-recognized certification in the country is greatly needed.”

FPSB is governed by a nine-member international board of directors and supported by the FPSB Council, an advisory group representing 19 organizations (FPSB Affiliates) that currently manage the CFP certification in their respective countries and one organization in the process of becoming an FPSB Affiliate. Countries or regions where FPSB has a nonprofit member organization that offers, or is preparing to offer, CFP certification include: Australia, Austria, Belgium, Brazil, Canada, Chinese Taipei, France, Germany, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the People’s Republic of China, the Republic of Korea, Singapore, South Africa, Switzerland and the United Kingdom. There are currently over 100,000 CFP professionals worldwide.

FPSB manages, develops and operates certification, education and related programs for its member organizations so that they may benefit and protect the global community by establishing, upholding and promoting worldwide professional standards in financial planning. FPSB’s commitment to excellence is represented by the marks of professional distinction – CFP, CERTIFIED FINANCIAL PLANNER and CFP (with flame logo).

FPSB Indonesia is a nonprofit foundation supported by Financial Planning Association Indonesia (FPAI) to administer the CFP certification program to benefit consumers and establish financial planning as a profession in Indonesia. FPAI is supported by a broad cross section of financial services firms including: AIA, AIG, AXA, AXA Mandiri, Bank Mandiri, Bank ABN AMRO, Bank Lippo, Bank Central Asia, Commonwealth Bank, Panin Life, Danareksa and Schroders. For more, visit www.fpaindonesia.org.