Financial Advice NZ acknowledges frustrations
Financial Advice NZ has acknowledged advisers' frustration at the time it has taken to establish the new professonal association.
Wednesday, December 27th 2017, 6:00AM
by Susan Edmunds
In her latest update, chair Sue Brown said she had heard comments about how it had taken some time for progress to be seen.
"But I do want to assure you that much has already been achieved - in aligning the various parts of the industry behind this vision through consultation and conversations, in planning the work needed for a successful launch and in getting under way with that work."
She said it would continue to engage with stakeholders through the establishment phase to ensure sound and considered decision-making.
"With the planning phase now complete, 2018 will be the year when Financial Advice New Zealand, and the benefits membership will bring both for advisers and for the people of New Zealand, will become real for you.
"Just a few years ago, an initiative such as Financial Advice New Zealand would have been impossible – it is now within a few months of becoming a reality. You can be proud of the vision and foresight and tenacity that has led to this point."
She revealed the make-up of the new member advisory committees, which will represent the various advice strands.
- Financial planning: David Mason, Charlene Overell, Paul Sewell and Nigel Tate.
- Investments: Joe Byrne, Michael Courtney, Tim Fairbrother and Liz Koh
- Lending: Suzanne Isherwood, Joel Oliver, Hamish Patel and Sandra Spence
- Risk Insurance: Bree Catterall, Cecilia Farrow, Peter Rickards and Regan Thomas
Brown said they would start their work in February.
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