The global Financial Planning Standards Board has announced seven new faces will join its Professional Standards Committee.

The committee develops and maintains competency, ethics and practice standards for the global Financial Planning profession.

Other duties and responsibilities include developing, maintaining and modifying FPSB’s certification scheme; monitoring trends in applying or adapting FPSB’s standards and certification requirements and making recommendations to the FPSB Board of Directors for modification or enhancement.

The role also includes approving policies for FPSB’s certifications to ensure consistency and fair treatment of FPSB member organizations, candidates for certification and certification holders.

Ian Johnston, outgoing Committee Chairperson and FPSB Board member, said: “I am pleased with the calibre and diverse composition of the 2016 FPSB Professional Standards Committee, which will enhance FPSB’s ability to establish consumer-centric standards and certification requirements for the global profession.

“FPSB’s Professional Standards Committee will focus on the evolving global body of knowledge for the financial planning profession, connecting to the global academic community, updating FPSB’s CFP certification requirements, and establishing a framework to promote financial planning as a globally-recognized profession.”

The seven new members are:

· Paul Grimes, CFP, is the principal of Grimes International and CEO of Financial Planning Standards Board Ireland. He lectures in financial planning at a post-graduate level and has been featured in a number of professional publications. He is the current Chairperson of FPSB's European Forum.

· Wessel Oosthuizen, CFP, the Chairperson of the 2016 FPSB Professional Standards Committee. Oosthuizen has served on the Committee since 2007. He is currently managing director of Verso Wealth (Pty) Ltd. and previously served as the director for the Centre for Financial Planning Law, University of the Free State

· Carolyn Fallis, CFP, the former director of Professional and Student Affairs at Financial Planning Standards Council in Canada, and is now a professor and program coordinator of Financial Planning at the School of Accounting and Finance at George Brown College

· Mark Kordes, CFP, the global head of sales process management of HSBC, based in Hong Kong. Prior to working at HSBC, he served as managing director, head of wealth planning at UBS Financial Services in the United States.

· Kimmis Pun, CFP, is the managing director of Standard Chartered Bank Singapore, and the former managing director of BNP Paribas Singapore.

· Malcolm Rodgers, who retired from the Australian Securities and Investments Commission (ASIC) in 2009, served in a variety of capacities as a regulator of financial planning. Rodgers has served as a consultant to the International Monetary Fund, assessing financial sector compliance with principles established by the International Organization of Securities Commissions.

· Ken Bishop, the CEO of the National Association of State Board of Accountancy USA and the NASBA Center for the Public Trust.