FPIA names first CEO
Phillip Matthews has been named as the first permanent chief executive the Financial Planning and Insurance Advisers Association (FPIA).
Phillip Matthews has been named as the first permanent chief executive the Financial Planning and Insurance Advisers Association (FPIA).
Matthews, currently vice-president of the FPIA, will move from Auckland to take up the Wellington-based position in November this year.
FPIA president Andrew Charles says Matthews is in the process of resigning as vice-president and is likely to sell his planning practice to focus on the new full time posi-tion.
Charles announced the FPIA’s intention to appoint a permanent CEO for the organi-sation at the annual conference in July this year following the agreement by several fund managers to fund the position for three years.
“We’re in a position to make this appointment thanks to the sponsors: AMP, BT Funds Management, Sovereign, AXA, Royal and SunAlliance and Armstrong Jones,” Charles says.
He says the new CEO will aim to increase membership, build better relations with government departments, improve the education process and raise the public profile of the FPIA.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
