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Financial planners to see new renewal requirements
GREENWOOD VILLAGE, Colo. (12/12/08)--Credit unions may want to note new requirements announced Wednesday for individuals with certified financial planner or other designations from the College for Financial Planning. Starting in spring 2009, anyone holding one of the college’s professional designations must complete continuing education, adhere to revised ethical standards and pay a renewal fee every two years to continue using the marks. The changes result from the college’s efforts to strengthen the credibility of its designations and the financial professionals who hold them, and stay ahead of a shifting regulatory environment, said the college. “The new requirements enhance the investment students have made in their professional education,” said John Sears, College for Financial Planning president. “The requirements will help assure the public that financial professionals using our designations are continually expanding their knowledge and adhering to a strict code of ethics.” The continuing education requirement comprises 16 hours of education that, in some cases, can be fulfilled by courses offered by financial firms, the college said. The college provides degree, non-degree and continuing professional education programs to professionals nationwide. It also offers the certified financial planner certification. More than 50,000 professionals nationwide have earned the designation.


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