FP Canada and the Institut québécois de planification financière (IQPF) have jointly released the 2021 Projection Assumption Guidelines for professional financial planners across Canada.
The guidelines, which take effect April 30, help financial planners make long-term financial projections (10 or more years) that are free from potential biases or predispositions.
The 2021 Projection Assumption Guidelines are as follows:
"As the COVID-19 pandemic continues to cause economic uncertainty, triggering fear among some clients, the Projection Assumption Guidelines are a useful tool for financial planners in helping clients plan for their future and stay focused on their long-term planning goals," says Lesley Poole, CFP, Chair of the FP Canada Standards Council's™ Standards Panel.
The guidelines are drawn from a variety of reliable and publicly available data sources. The 2021 Projection Assumption Guidelines, Addendum and FAQs can be found on the FP Canada website.