Ampfp merges with Hillross Advisers Association



The AMP Financial Planners Association (ampfpa) has merged with the Hillross Advisers Association to form a new entity.
The merger, voted on by members of both groups, will see the new entity operating as The Advisers Association and headed by Neil Macdonald who has been heading up the ampfpa.
The merger has occurred at the same time as planners continue to wrestle with AMP Limited over the future of the organisation.
Macdonald said the new association would continue an over 95-year history of representing members and supporting them as they helped clients.
“It will also give them a voice in these challenging times,” he said.
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.