FPA cleared for constitutional change
Julie Berry
The Financial Planning Association (FPA) has succeeded in having its members endorse constitutional changes it believes will deliver a more modern and effective structure.
The changes, which will be implemented from July 1, next year, will see a change to three membership categories — principal members, practitioner members and general members.
However, within those three categories there will be two sub-categories applying to principal members reflecting the size of their businesses, and within the practitioner member category there will be two sub-categories — one for CFPs and the other for associate financial planner practitioners.
Members have also approved a change to the structure of the FPA board. The number of directors was reduced from 12 to nine, while the number of practitioner member directors was increased from two to three.
The chair of the FPA, Julie Berry, said the changes would enable the organisation to move forward with a streamlined and more modern constitution that reflected its strategy and focus on professionalism.
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