The Financial Planning Association (FPA) is taking part in establishing a charitable foundation aiming to assist people in fiscal hardship.

Named Future2, the foundation would aim to support “society’s most marginalised or under-privileged,” Corinna Dieters, FPA chair, said. An application for Future2 to qualify for charitable status under New South Wales state law has been made, and the association expected to formally launch the foundation during its National Conference in November, Dieters said. She said Future2 trustees would begin raising capital in anticipation of earning legal status as a charity, and that the FPA planned to encourage members to participate in grass-roots projects within their localities. She applauded members who currently offered pro-bono financial advice. The announcement was made at the opening of Financial Planning Week in Sydney yesterday.