FPA overhauls awards
The Financial Planning Association (FPA) has overhauled its honorary awards and called for Fellows and Distinguished Service Award (DSA) nominations by the end of August.
FPA chief executive Jo-Anne Bloch said the aim of the review was to ensure the FPA gave a higher profile to members who have received the award.
The FPA has made a review of the awards available and increased the value of the awards to encourage more nominations. There are currently 60 DSA recipients and 41 Fellows.
“A few simple changes have transformed our awards program, with each award recognising different qualities and achievements. The process for nomination is now also clearly set out,” Bloch said.
Nominations for the DSA was previously limited to FPA directors, senior managers and committee members, but will now be open to all FPA members.
The Fellows award is an honorary award that overlays membership status and only FPA members are eligible to apply. They will be self-nominated and admitted four times a year.
The membership board committee will oversee all applications.
The Life Member award has also been changed from a membership category to an honorary award. Nominations can include non-members of the FPA as well as members. The award will be given to those who have been ‘exemplary supporters’ of the FPA and the financial planning profession.
The recipients will receive their awards at the inaugural Good Advice Gala Dinner at the FPA national conference in November.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
