Financial Daily from THE HINDU group of publications
Wednesday, Jan 18, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 18, 2006 |
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Industry & Economy
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Events Money & Banking - Financial Services Meet to discuss financial planning for the masses Our Bureau
Kolkata , Jan. 17 IS there scope for financial planning for the hoi polloi, or is it a preserve of only the classes? This question will dominate discussions at the forthcoming financial planning symposium being organised by Financial Planning Standards Board India (FPSB) later this month. The first-ever symposium, which will deliberate on planning for the masses with the aid of contemporary technology, will try to identify the strategies that may be followed in order to reach out to the middle class more effectively. The CEO of FPSB India, Mr Ranjeet S. Mudholkar, said that with this event he hopes to reach out to ordinary citizens. The event will inter alia feature a range of `product manufacturers' (read: insurance and asset management companies) and intermediaries. At another level, it is expected to draw the head of PFRDA, the pensions regulator. The topics to be discussed will include those that are of interest to professionals in the financial services sector, it is pointed out. The idea is to reinforce the theory that the interests of investors is the key, and that transparency in delivery is the way forward for organisations and individual service providers. Management of consumer expectations, best practices and the role of each asset class in financial planning are the critical topics at this juncture, Mr Mudholkar indicated.
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