Financial Planning Standards Council

Financial Planning Standards Council

July 30, 2014 13:04 ET

FPSC President & CEO Cary List Appointed to National Steering Committee on Financial Literacy

Committee will provide leadership and guidance toward a national strategy on financial literacy

TORONTO, ONTARIO--(Marketwired - July 30, 2014) - At an event today in downtown Toronto, Minister of State (Finance) Kevin Sorenson and Canada's Financial Literacy Leader Jane Rooney announced the members of Canada's first National Steering Committee on Financial Literacy. Cary List, President & CEO of Financial Planning Standards Council (FPSC), was among 15 members appointed from a group of more than 100 applicants.

The Committee will provide leadership and guidance to assist the Financial Literacy Leader in developing and implementing a comprehensive national strategy to strengthen the financial literacy of all Canadians. Members will champion the strategy to advance goals and priorities that will set the direction for the next several years. The strategy is expected to be released in summer 2015.

"I have long held the view that financial literacy must be recognized as an essential life skill for all Canadians, and that it must be instilled, alongside numeracy and verbal literacy, as early as possible in life," says List. "Studies conducted by FPSC and others show that far too few Canadians are properly equipped to manage their finances effectively. They are particularly ill-prepared for retirement and uninformed about their financial situation as they approach their retirement years."

"Financial well-being is something with which all Canadians are concerned, yet most do not feel comfortable talking about, nor do we take the necessary actions to achieve financial empowerment."

List has led FPSC through a long history of involvement in the financial literacy arena. FPSC is a founding member of the Financial Literacy Action Group (FLAG), a coalition of non-profit organizations that have joined together to raise awareness of the need for financial literacy and to highlight the programs, services and tools available to help Canadians strengthen their financial literacy. FPSC also presented numerous recommendations to governments on this issue, including to Canada's Task Force on Financial Literacy. Financial education is also one of five key components of FPSC's "Vision 2020" initiative, with the goal that all high school graduates will have experienced some introductory financial planning curriculum by the time they graduate. And FPSC-sponsored Financial Planning Week during Canadian Financial Literacy Month is designed to encourage Canadians to take action toward a financially secure future.

"I am very encouraged by the government's commitment to work with stakeholders to advance financial literacy for all," List adds, "and am incredibly honoured to have been named to the Committee and to have the opportunity to be part of the solution toward a better financial future for all Canadians."

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. FPSC's purpose is to instill confidence in the financial planning profession. As a standards-setting and certification body, FPSC ensures CFP® professionals and FPSC Level 1™ Certificants in Financial Planning meet appropriate standards of competence and professionalism through rigorous requirements of education, examination, experience and ethics. More information is at

About CFP certification

CFP certification, long considered the gold standard in financial planning, provides assurance to Canadians that their financial planner has the necessary knowledge, skills, abilities and ethics for professional financial planning. There are more than 17,000 CFP professionals across Canada, part of a global community of over 150,000 worldwide. CFP professionals demonstrate their financial planning competence through extensive education; a rigorous, comprehensive national examination process; continuous professional development requirements; and accountability to FPSC for ethical conduct, standards of practice and competence. More information is at

CFP®, Certified Financial Planner® and CFP Logo are certification trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planning Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. All other ® are registered trademarks of FPSC, unless indicated. © 2014 Financial Planning Standards Council. All rights reserved.

Contact Information