FPA/AFA merger talks enter second member consultation

15 December 2022
| By Laura Dew |
image
image
expand image

The Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) have entered the second round of member consultation on the proposed merger.

Members had now received a merger summary document and draft constitution and were encouraged to submit feedback over the next few weeks.

They had also received emails surveying their views on a new name for the organisation which would be reviewed with a branding agency.

David Sharpe, FPA chair, said: “The second phase of consultation allows members to review more detail on how a merged association would operate, and what it means for them as members of the FPA and AFA. Their feedback is very important to us and will help guide the next stage of the process.

“In my discussions with members over the past few months, it is clear that effective advocacy is the number one priority for them.

“We believe a merged association will result in more effective advocacy and will create a unified voice which would speak for all members, as well as the wider profession.”

The next step would be separate AFA and FPA consultative member webinars, held in late January, where members could provide any final feedback before voting would open in early February 2023.

Voting would close at the FPA and AFA EGMs on 28 February.

For the proposal to succeed, 75% of members of both associations who vote will need to vote in favour.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago