First-ever global standards for planners closer to reality; But certification issue remains unresolved.(News)

Investment News, June, 2005

Byline: Jeff Benjamin DETROIT - Global standards for financial planners moved a step closer to reality this month when representatives from 13 countries met in London to send the final draft of the first-ever international standards for financial planning to the International Organization for Standardization in Geneva for approval.

The effort to develop the standards, which began more than four years ago, is considered to be in the homestretch, with compromise proving instrumental in moving the process to this point. One significant unresolved issue involves self-declaration of compliance with the standards, which are on schedule to take effect in early 2006. The members of the various working groups - from nearly 40 countries - have spent...

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