The Financial Planning Standards Council (FPSC), incorporated on in 1995, is a professional standards-setting and certification body for the financial planning industry in Canada. FPSC ensures the Certified Financial Planner (CFP) professionals and FPSC Level 1 certificates meet appropriate high standards of competence and professionalism through rigorous requirements of education, examination, experience and ethics.
With approximately 17,000 Certified Financial Planner professionals in Canada, FPSC is the foremost authority for the financial planning profession in Canada, in concert with IQFP in Quebec, continually developing, delivering and enforcing the highest competence and ethical standards.
FPSC came to Yardstick looking to transition from a paper-based exam administration to computer-based delivery for its FPE1 (multiple-choice) and FPE2 (multiple-choice with constructed response) exams. They were seeking a vendor that could support this transition and securely manage and deliver their exams across dozens of Canadian locations during specific exam administration windows.
FPSC was also looking for a robust, intuitive online constructed response marking system for the FPE2 examination. They also wanted to provide online resources for candidates, such as practice tests and tutorials.
With minimal lead time, Yardstick migrated all paper-based examination questions and configuration requirements to the Yardstick Measure platform. Yardstick launched FPSC online exam administration in June 2012. For FPE2, skilled FPSC markers used Yardstick’s marking application, RedPen to mark constructed response questions.
As part of the transition, candidates also gained access to tutorial and practice quizzes and used Measure’s robust online booking system to schedule their exams.
FPSC and Yardstick have formed a strong partnership in which exams are delivered securely and to the highest standards possible. Since that first administration, Yardstick worked with the client to add many enhancements, ensuring the best possible experience for FPSC, markers and the candidates.