Financial Advice NZ recruiting
New professional association Financial Advice NZ appears to be addressing concerns about how it will represent all strands of advice, by opting for a system of colleges.
Tuesday, December 12th 2017, 5:59AM
It is advertising to fill positions on four member advisory committees, covering lending, risk, investments and financial planning.
One of the key criticisms of the idea of a new, amalgamated association to replace PAA, IFA and NZFAA is that it will be hard for such a body to represent the diverse interests of insurance, mortgage and investment advisers.
The four committees will cover lending, risk, investments and financial planning.
There is a tight turnaround time: Appointments will be notified by December 23 and committees start meeting by February.
Sue Brown, the chair and independent director of Financial Advice New Zealand’s establishment board, said the committees would play an important role in helping to ensure that each sector has a meaningful voice and representation in the new association.
“These committees are a crucial element of our focus on standards, advocacy and promotion of advice. Those in specialist advisory fields are working in a fast-developing environment, and these committees will provide an extra level of knowledge, expertise and support.”
The purpose of the committees is to represent and support Financial Advice New Zealand members “who share a particular special interest in a specialist area of advice and also to provide the Board with technical support".
Financial Advice New Zealand is on track to unveil plans for a new quality mark for financial advisers, together with its new website, during the first half of 2018. The organisation will open for membership applications on March 31 and formal operations will commence on July 1.
The establishment board has also this month developed a launch roadmap and initiated "key projects", according to a Financial Advice NZ update.
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