FPSB India to end global affiliation, licence arrangement by March 2019

FPSB India is promoted by 44 financial services organisations and is the licensing authority for CFP marks

FPSB India, the Indian affiliate of US-based FPSB, has served a notice of termination on the latter, stating that the affiliation and licence arrangement between the two would end on March 31 next year. 

In July, FPSB had decided not to renew its licensing agreement with FPSB India due to expire on March 31, 2020. FPSB had found evidence of financial impropriety at FPSB India and was not happy with the way the certified financial planner (CFP) certification was promoted over the years, sources had said earlier. 

In a letter addressed to the chairman and chief executive of FPSB, the