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
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.