AFP /CFP "cancellation" is a misunderstanding! The certificate has not been cancelled, but the training institution that advocates the cancellation of the certificate is the national financial planner certificate ChFP (another financial planner certificate, which is more recognized by insurance companies)!
Why did you cancel the rumor?
2014165438+124 October, the State Council issued the "Document No.50", announcing the second batch of 67 items to cancel the professional qualification license and recognition. These include financial planners and international financial planners.
The real intention of the document is that the state cancels the authority to issue and manage certificates of the China Financial Education Development Foundation of the People's Bank of China, and does not interfere with the behavior after certificates are issued and managed by the society. It is not to cancel and deny the professional level and validity of AFP/CFP certificate. After that, the study of AFP/CFP certificate will be a complete market behavior, and people can choose whether to obtain the certificate according to their career planning.
After the document was issued, the number of students who obtained AFP/CFP certificates did not decrease, but the number of applicants increased with the increase of market demand.
The official explanation of the details of the document:
The State Council clearly stated in the original text that the financial planner and international financial planner with * * * background awarded by China Financial Education Development Foundation should be cancelled. It is not an AFP/CFP certificate issued by the international non-profit organization FPSB (International Financial Standards Committee). The purpose of the State Council document is to simplify administration and decentralize power, and to revoke the industry access certification led by * * *, so all the certifications revoked in this paper are * * * background certification.
The AFP/CFP certificate is issued by FPSB (International Financial Standards Committee), an international non-profit organization headquartered in the United States. FPSB has branches in 26 countries and regions around the world, and its branch in Chinese mainland independently operates the training, examination and certification of AFP/CFP certificates. The AFP /CFP certificate is not * * * certified, so it has nothing to do with the State Council.
After the State Council issued the document, many people had misunderstandings at that time. FPSB published a clarification article on its website and reported the situation. Report statement: This post has nothing to do with the AFP and CFP certification projects of FPSB in the world (including Chinese mainland, China, Hongkong, China and Taiwan Province Province, China). FPSB (International Financial Standards Committee) suggested that if the Chinese translation of AFP and CFP certification coincides with the Decision, FPSB can only use the official names of AFP and CFP, or refer to the Chinese translation of FPSB member organizations in China, Hongkong and Taiwan Province Province, China.
AFP/CFP certificate is still the professional qualification certificate of financial planner with the highest recognition from banks and other financial institutions.
At present, major banks in China, including China, agriculture, industry and construction, still regard AFP and CFP certification as one of the projects to guide and encourage employees to learn, and reimburse students for tuition fees. Banks such as Minsheng, Xingye, China Merchants and Huaxia even explicitly require employees in relevant positions to hold AFP certificates. CFP is still an important reference for recruitment, promotion, job transfer and regularization in this industry. It is still the most popular certification in the industry.
Conclusion: As long as your work unit recognizes the certificate and has corresponding reimbursement and encouragement policies, you don't need to care whether you need this question.
Second, how to obtain the AFP training certificate
Financial planner implemented by China Financial Standards Committee.
It is a two-level financial planner certification system, namely, financial planner (AFP) and international financial planner (CFP) certification system. AFP training is the first stage of CFP training.
According to the framework agreement between China Financial Management Standards Committee and International Financial Management Standards Committee, China Financial Management Standards Committee conducts the qualification certification of financial planners (AFP) and international financial planners (CFP).
According to the regulations of China Financial Management Standards Committee, both AFP and CFP must meet the standard of Electronic Declaration, Examination, Experience and Ethics (hereinafter referred to as "4E" standard) before they can obtain relevant qualification certification.
According to the Decision of the State Council on Cancelling and Adjusting a Batch of Administrative Examination and Approval Items (Guo Fa [2065438+04] No.50) issued by the State Council on October 24, 20 14, the qualifications of financial planners and international financial planners were cancelled.
About the exam
subject of examination
Examination subjects: financial management foundation (1) and financial management foundation (2)
Examination scope
Examination scope: The propositional scope of the qualification examination for financial planner (AFP) shall be subject to the examination outline of each subject published by the Standards Committee every year.
Examination mode
Examination methods: closed book and computer examination.
Examination time
The exam lasts for 6 hours and is divided into morning and afternoon, with 90 questions for each course.
Examination mode
1. Examination methods: unified examination, closed book examination and computer examination.
2. Examination places: Beijing, Guangzhou, Shanghai, Chengdu, Shenyang, Wuhan, Hangzhou, Jinan, Nanjing, Xi and Fuzhou.
Vocational education editor
Obtaining AFP training certificate is the first condition for AFP qualified applicants to obtain AFP qualification certification.
The AFP training *** 108 class mainly includes the following modules:
Financial management and CFP certification system [1]
The purpose, content and significance of financial management
Development course and concept of CFP system
The Practice Process and Standards of Financial Planners
Ethical standards and professional conduct of financial planners
Responsibility and discipline of financial planners
Basic financial management skills
Family financial statements and financial budget
Customer value orientation and behavior characteristics
Financial management tools: calculators and spreadsheet applications
Financial environment
Basic economics
Functions and supervision of financial institutions
Financial management and law
Comprehensive family financial management
Residential and real estate investment planning
Credit and debt management
Education grant planning
Financial planning of special activities
Investment planning
Correlation calculation between time value of money and interest rate
Portfolio Theory and Asset Pricing Model
Analysis of Money Market and Bond Investment
Stock investment analysis
Investment analysis of foreign exchange and derivative financial products
Efficiency market hypothesis
* * * mutual fund investment analysis
Practice of Portfolio Asset Allocation
Investment performance evaluation and portfolio adjustment strategy
Risk management and insurance planning
Risk and risk management
Basic principles of insurance
Insurance demand analysis and policy planning
The concept of life insurance products
Property insurance product concept
The concept of investment insurance products
Employee benefits and retirement plan
Wages and employee income
Social welfare and wage deduction
Enterprise welfare and wage deduction
Retirement plan principle
Tax planning and estate planning
Income tax basis
Overview of personal tax planning
Overview of estate planning
Case demonstration and discussion of comprehensive financial planning
Case analysis guidance
case analysis
Applicants for AFP qualification may apply to China Financial Management Standards Committee to take the AFP qualification examination after completing the training, passing the final examination and obtaining the AFP training certificate issued by an authorized educational institution.
How to recertify the third-level AFP certificate?
AFP must be registered every two years (continuing education, re-certification), and re-certification is not required.
In order to enrich and develop the professional knowledge and skills of financial planners and ensure the continuous competence of CFP series holders, AFP continuing education system is formulated. The specific details are as follows: requirements for continuing education hours
The new method stipulates that CFP series holders must complete at least 30 hours of continuing education within the validity period, including no less than 4 hours of compulsory courses. The specific requirements are as follows:
Introduction of AFP continuing education system
The holder shall continue to receive education and study during each certificate declaration period. Those who do not meet the requirements of continuing education hours cannot be re-certified. The holder who needs to restore the validity of the certificate when the certificate expires must also submit an application for the validity of the certificate to the Standards Committee after completing the above requirements for continuing education hours.
Contents and forms of continuing education
1. required course: refers to the course that the holder must complete the required class hours within the validity period of the qualification certificate, including but not limited to various institutional documents issued by FPSB and Standards Committee. The new method stipulates that the holder must complete four hours of compulsory courses in each certificate declaration cycle.
2. Elective course: a self-study course recommended or recognized by the Standards Committee and studied by the holder within the validity period of the qualification certificate. The new method stipulates that the holder can participate in the following forms of elective courses: (1) continuing education activities organized by the standards Committee; (2) Continuing education activities provided by continuing education institutions authorized by the Standards Committee; (3) professional forums, seminars and academic reports organized or recognized by the Standards Committee; (4) The study and activities of relevant contents organized by the unit where the holder works with the approval of the bid evaluation committee; (five) as a lecturer or speaker at the financial management training seminar organized by the Standards Committee or an organization authorized by the Standards Committee; (6) Complete professional works or papers related to financial management, and make them public or published; (7) Participate in on-the-job education or academic education of financial management related majors; (8) Other forms recognized by the bid evaluation committee.
Inquire about the entrance of continuing education hours, and log in to CFP series examination registration certification system → continuing education → class hour declaration.
Any AFP &；; CFP-related questions can be consulted, and senior sister can help you answer them ~
What is the process of AFP qualification certification?
If you want to be qualified to take the AFP exam, you must have an AFP training certificate, which is the first step of AFP qualification certification: take AFP training. allow
Step 2: Take the AFP exam. It is also mentioned in the website chapter of upstream training that the condition of taking AFP exam is not only having AFP training certificate, but also having relevant work experience.
The third step is to verify whether the candidates who take the AFP exam have relevant work experience. Then there is professional ethics, and then successfully passed the AFP exam to obtain the AFP financial planner certificate.
Is the gold content of AFP qualification certification high?
AFP is a qualification exam. I didn't want to make a mountain out of a molehill at first, but in order to have a grounded understanding of the children's shoes to be tested later, it's actually quite difficult to learn this AFP exam by myself. Even if AFP graduates, it is estimated that it will take half a year to get the certificate! This may be the necessity of training. You can't spare the time and energy to do this, and it's too late when you need it!
CFP has a two-level authentication system between China and Japan, with AFP first and CFP second. It is recommended to prepare for the exam for 2 weeks, and the accurate review time should be about 15 hours.
The AFP exam is divided into morning and afternoon, and each exam lasts for 3 hours, and 90 multiple-choice questions need to be done, with an average of 2 minutes/question. (Really more tired than the college entrance examination. I'm going to eat at noon and have a rest for 2 hours. Time is tight. )
When you encounter questions that you can't do in the exam, you must make a choice and mark them first. You must not imagine that there is still time to go back and analyze the problems you can't do.
Morning test center: theoretical knowledge (CFP theory+economy+law) 40%, time value calculation of money 60%.
Afternoon test center: theoretical knowledge (insurance theory+investment theory) 40%, premium and tax calculation 50%, venture capital calculation 10%.
What are the requirements for AFP qualification certification?
Applicants with college education or above who meet the "4E" standard formulated by China FPSB can obtain AFP qualification certificate after certification. The "4E" standard of AFP qualification certification refers to obtaining the AFP qualification training certificate issued by an educational institution authorized by FPSB in China, passing the AFP qualification examination organized by FPSB in China, reaching the professional experience standard formulated by FPSB in China and the professional ethics standard formulated by FPSB in China.
I want to know what is the AFP qualification?
China implements two-level certification system for financial managers, namely CFP certification and AFP certification. AFP qualification certification is the first stage of CFP qualification certification, which should be the abbreviation of Associate Financial Planner. It refers to the person who has reached the academic qualifications, examinations, experience and ethics (hereinafter referred to as "4E" standard) specified in AFP qualification certification and obtained the qualification certification.
What is the abbreviation of CFP/AFP/EFP qualification examination?
At present, the CHFP financial planner issued by the Qualification Certification Center of the Ministry of Labor only certifies junior and intermediate levels, and training courses have been set up in Jining area. For your reference, jncfw.cn/jncp,2009 will take the exam in the second half of June165438+10.21;
CFP is a financial management certificate issued by the Association of Financial Planners. This certificate is of an association nature, which is relatively difficult to test and expensive. Accurately speaking, it should be "approved financial planner", as if it had been warned by the American Certification Association because of the problem of paying money.
AFP is actually an assistant-level certificate in the United States, but it has become popular in China. The key is the translation of "A". The initials of "Assistant" and "America" are both a;
EFP is an advanced financial management certificate.
What to test specifically should be determined according to your own situation.
Excuse me, AFP qualification certification, what is the AFP qualification certification process?
The first step of AFP qualification certification: participate in AFP training.
Step 2: Take the AFP exam. Version is also mentioned in the website chapter of upstream training. The condition of taking AFP exam is not only the right to have AFP training certificate, but also relevant work experience.
The third step is to verify whether the candidates who take the AFP exam have relevant work experience. Then there is professional ethics, and then successfully passed the AFP exam to obtain the AFP financial planner certificate.
X AFP first certification
AFP test scores are kept for 4 years, and the first certification can be carried out within 4 years after passing the test.
You will receive the AFP certificate within 2 months after the first certification. A certificate is a proof of your professional ability in the wealth management industry, and your chances of being hired by financial institutions such as banks will increase.