Thinking about retirement? The Chartered Retirement Planning Counselor (CRPC) designation is gaining global attention, but what does it mean for Australians planning their financial future?
What is a Chartered Retirement Planning Counselor (CRPC)?
The CRPC is a professional designation awarded by the College for Financial Planning in the United States. It’s designed for financial advisers who specialise in retirement planning, covering topics like Social Security, estate planning, income streams, and managing retirement risks. While CRPC is a US credential, globalisation and cross-border financial advice mean it’s increasingly relevant to Australians seeking internationally informed retirement advice.
Key skills and topics covered in the CRPC program include:
- Retirement needs analysis and goal setting
- Income sources: superannuation, pensions, annuities, and investments
- Taxation and estate planning
- Risk management (e.g., longevity risk, market risk)
- Regulatory and compliance knowledge
In the US, the CRPC is recognised by many employers and clients as a mark of expertise in retirement planning. But how does it compare to Australian qualifications?
CRPC vs Australian Retirement Planning Credentials
In Australia, financial advisers must meet strict education and licensing requirements, including:
- Completion of an approved degree (often a Bachelor’s or Graduate Diploma in Financial Planning)
- Professional Year and ongoing Continuing Professional Development (CPD)
- Registration with the Australian Securities and Investments Commission (ASIC)
While the CRPC is not a substitute for local licensing, it can be a valuable addition for advisers who work with expats, multinational clients, or want to bring global best practices to their Australian clients. The CRPC curriculum’s focus on behavioural coaching, withdrawal strategies, and client communication complements the Australian focus on superannuation and Centrelink entitlements.
Real-World Example: An Australian adviser with a CRPC might be especially helpful to a client retiring partly in the US and partly in Australia, as they can navigate the complexities of both systems.
Retirement Planning Trends and 2025 Policy Updates
Australian retirement advice is evolving rapidly in 2025, driven by policy changes and shifting demographics. Key updates include:
- Superannuation Access: The preservation age for super access continues its gradual rise, now at 60 for most Australians.
- Downsizer Contributions: From 1 January 2025, eligible Australians aged 55 and above can make downsizer contributions to super, offering new flexibility for those selling the family home.
- Retirement Income Covenant: Super funds are now required to offer tailored retirement income strategies, increasing the need for specialised advice.
With more Australians seeking holistic retirement solutions—including phased retirement, managing work income, and global mobility—demand for advisers with advanced retirement planning credentials like the CRPC is rising.
Australian regulators have also emphasised the need for high-quality, ethical advice. While CRPC is not a standalone ticket to practice here, it signals a commitment to professional development and may offer a competitive edge in a crowded market.
Should You Work With a CRPC?
If you have complex retirement needs, such as international assets or plans to split your retirement between countries, an adviser holding a CRPC alongside Australian credentials could be a smart choice. They’re trained to create comprehensive, tax-efficient, and flexible retirement plans, with an understanding of both local and global best practices.
Questions to ask any adviser:
- What retirement planning designations do you hold?
- How do you stay up to date with changing laws and best practices?
- Can you advise on international retirement strategies?
Conclusion: Global Credentials, Local Expertise
While the CRPC is not an Australian-issued qualification, it reflects a growing trend: Australians want retirement advice that’s informed by both local law and global best practice. If your retirement dreams cross borders—or you simply want to ensure your adviser is at the top of their game—look for professionals committed to ongoing education, whether that’s a CRPC or one of Australia’s advanced planning certifications.
