The Personal Financial Planning Executive Committee (PFP EC) has issued Statement on Standards in Personal Financial Planning Services No. 1 (the standard) to provide guidance to members and a framework for delivering PFP services. The framework of the standard covers the following topics:
General professional responsibilities
Responsibilities of members in PFP engagements
Planning the PFP engagement
Obtaining and analyzing information
Developing and communicating recommendations
Implementation engagements
Monitoring and updating engagements
Working with other service providers
Using advice provided by other service providers