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News & Press: Press Release

FSP Announces Changes to Create More Dynamic Sections Experience

Monday, July 16, 2018  

FSP Announces Changes to Create More Dynamic Sections Experience

The Society of FSP is unifying its current Sections topic areas to create more active, dynamic Sections communities. Effective July 1, our Professional Interest Sections will be:

Employee Benefits—With its new broader scope, the Employee Benefits Section expands to cover topics previously covered in the Qualified Plans Section and certain Business & Compensation Planning Section concepts. Subject matter areas include: group life, health, and disability insurance; qualified plans; executive compensation; COBRA, paid time off; flexible benefits; benefits communication; ESOPs; and qualified plan administration.

Estate Planning—The Estate Planning Section will expand to address business succession-related issues and will continue its focus on key estate planning topics, such as wills and trusts; charitable planning; and estate, gift, and GST tax planning.

Financial & Retirement Planning—This expanded Section combines financial planning, investment management, and retirement counseling topics. These include income taxation, wealth accumulation planning, risk tolerance and asset allocation, portfolio analysis, retirement lifestyle issues, IRAs, Medicare, and Social Security.

Insurance & Risk Management—All aspects of risk management will be addressed by this newly named Section. Specific topic areas include life insurance, health and disability insurance coverage, long-term care options, property and casualty insurance, key-person insurance coverage, and cybersecurity.

Practice Management—This Section will encompass all the subject areas previously covered by the Leadership & Management Section. The new name is designed to align with FSP member interest in practice management topics, such as client and practice development, multidisciplinary practice, leadership skills, communication dynamics, fiduciary regulations, technology development, cybersecurity, and ethical business practices.

What Does this Mean for Your Sections Membership?

Some members will continue with their current Section affiliation and other members will be transitioned into a new Section. The important thing to remember is that you can change your Section choices anytime by logging in to the FSP website at www.societyoffsp.org, going to the “My Profile” section in the middle of the page, and clicking on “Manage Profile.”  You can also call Member Services at 800-392-6900 (M-F 9 am-4:30 pm ET). The following chart shows the new Section line up:

Your current Section is:

Your new Section will be:

Business & Compensation Planning

Employee Benefits

Employee Benefits

Employee Benefits

Estate Planning

Estate Planning

Financial Planning

Financial & Retirement Planning

Investment Management

Financial & Retirement Planning

Leadership & Management

Practice Management

Qualified Plans

Employee Benefits

Retirement Counseling

Financial & Retirement Planning

Risk Management

Insurance & Risk Management

Pricing

The cost of one Section continues to be included with the price of dues. The price for two or more Sections will be $50, effective July 1. Premier members will continue to receive access to all Sections, as will student members.


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