TORONTO, ONTARIO — (Marketwire) — 11/19/12 — Eighty one per cent of Canadians with comprehensive financial plans said they feel on track with their financial affairs compared to only 44 per cent of those who do no planning. Those with plans are also nearly twice as likely than their non-planning counterparts to report greater peace of mind and more confidence dealing with bumps in the road of life, such as unexpected emergencies and tough economic times. These are just a few of the many benefits of financial planning revealed in the Value of Financial Planning study conducted for . FPSC executives are available to discuss highlights of the study during (November 19-25) and why Canadians need to bring more financial planning into their lives.
In addition, to mark the start of Financial Planning Week, .
“Financial planning is more than a money issue – it-s a life issue. Our study confirmed for the third year in a row that financial planning can significantly improve one-s financial and emotional wellbeing, help one achieve a myriad of life goals and more confidently manage some of life-s tougher challenges,” says Tamara Smith, VP Marketing & Consumer Affairs.
Other Financial Planning Week Stories:
5 Truths and 1 Lie about Financial Planning:
For many Canadians the concept of financial planning is a fuzzy affair. They know it-s good for them, but they don-t quite understand precisely what it-s all about and how it might make a difference to their lives. All too often, they procrastinate not fully appreciating the value financial planning can play throughout the continuum of their life and evolving goals, needs and circumstances.
Myths and Mistakes: Why do Canadians fail to act on their best intentions? Procrastinate? Or simply not bother to make financial planning a priority in their lives? FPSC asked Certified Financial Planner/CFP® professionals to weigh in on what they think the top reasons why Canadians fail to plan. .
It-s About Time: Preparing the Next Generation for Life-Long Financial Wellbeing: How important are parents when it comes to teaching kids financial savvy? FPSC conducted another survey to explore Canadians- experiences and beliefs related to parental influence on young people-s values and behaviours related to money. .
40+ Teachable Moments: FPSC asked CFP professionals to share ideas of teachable moments that parents can embrace to teach children (of all ages) important lessons related to money. .
About Financial Planning Week
Now in its fourth year, (FPSC®) and the (IQPF) have jointly declared November 19-25, 2012 as Canada-s Financial Planning Week (FPW). During the Week, each organization will be spearheading industry events and public outreach activities in their respective markets. Financial Planning Week is part of an ongoing effort by both organizations to make financial planning a cornerstone of Canadians- sound financial management. This year, Financial Planning Week is a dedicated week within . Stay up-to-date at , Twitter , and on and .
About Financial Planning Standards Council
Financial Planning Standards Council (FPSC®) is a not-for-profit organization which develops, promotes and enforces professional standards in financial planning through Certified Financial Planner® certification, and raises Canadians- awareness of the importance of financial planning. FPSC-s vision is to see Canadians improve their lives by engaging in financial planning. Currently, there are more than 17,500 CFP professionals in Canada and more than 140,000 CFP certificants in 24 countries worldwide. See for more information.
For further information and to arrange media interviews with CFP professionals or FPSC executives please contact the undersigned.
Contacts:
Eileen Chadnick
Chadnick Communications (for FPSC)
416.631.7437
Jay Cameron
FPSC
416.593.8587 x307