FPI offers financial education to the public
The FPI highlights that the FPI MYMONEY123 financial literacy seminars will be presented by Certified Financial Planner (CFP) professionals who have the knowledge and experience required to provide financial planning advice and education.
David Kop, advocacy and consumer affairs head at FPI, highlights that it is vital that people have a thorough understanding of their finances, particularly given the current financial climate.
“Even though 2015 has brought some welcomed relief in the form of lowered fuel prices, the low GDP growth will continue to present challenging financial times for South African consumers. As such, we are even more determined to ensure that South Africans are equipped with the knowledge and tools to manage their finances during this period,” stated Kop.
The FPI website explained: “FPI MYMONEY123 is a financial education community outreach programme initiated by the Financial Planning Institute (FPI) and will be implemented nationally through a number of group workshops.
“The aim of the programme is to actively engage all South Africans to consider and ponder their personal financial planning responsibilities and goals.”
The FPI MYMONEY123 programme will offer personal financial planning advice focused on three areas:
1. Personal financial management and budgeting,
2. Dealing with debt, and
3. Understanding savings and investments.
Fati Manamela, chief director of consumer affairs and business compliance at the Gauteng Department of Economic Development, said: “We are equally aware of the challenge consumers are facing, and it remains our responsibility as part of the Gauteng Department of Economic Development, to rise up to this challenge.”
He added: “For us to collaborate with FPI, a key strategic stakeholder in professional financial planning, demonstrates our determination and commitment to empower consumers with skills to make informed decisions to manage their finances with confidence.”
In addition to the financial literacy seminars, the MYMONEY123 programme also introduces consumers to the idea of a personal financial guide. The FPI said on its website: “The public is introduced to the CFP designation and encouraged to seek out and engage with suitably qualified and experienced financial planners.”
For more information on the seminars, click here, or contact FPI on email@example.com or call 086 1000 374 or 011 470 6000.
Featured Scared to get a personal loan? Find out the facts first
Taking out a personal loan can be daunting. When you borrow a large sum of money, you may fret over whether you’ve done the right thing and whether you’ll manage to pay it off. But sometimes the best way to deal with fears is to face them head-on.
5 Ways to borrow: Choose carefully
There are many ways to obtain credit. It’s up to you to choose which form is suitable for your needs. But before you make that choice, it’s important to weigh the pros and cons of each.
Four steps to rethinking your budget
We all think about budgeting at the end of each month. But before we know it, the new month has started. When last did you actually sit down and consider your spending habits?
Why can fund managers only invest 30% of pension funds offshore?
When you invest in your pension fund or retirement annuity, it will be placed in various asset classes. Of this, you cannot invest more than 30% of your retirement abroad. We find out why.
Clicks Covid antibody test for R199
2 Steaks for the price of 1 at Tiger’s Milk
Price: From R159
Where: Cape Town
Da Vinci's Monday Wings Special
Where: Cape Town