Kelly’s move a ‘straight career decision’
The outgoing chief executive of the Financial Planning Association (FPA), Kerrie Kelly, has described her move to the Insurance Council of Australia (ICA) as a “straight career decision”.
“I was approached about a role which has some interesting challenges ahead of it,” Kelly said.
“My contract with the FPA was scheduled to come to an end in 2006 and I will be leaving in March 2006, so the timing is almost optimal.
“It’s probably a few months early that I’m leaving than I might have liked to.”
Kelly stepped into the FPA chief executive role to replace Ken Breakspear in November 2003. She immediately began a structural makeover of the organisation that involved cutting staff by close to 50 per cent.
“I’ve had the good fortune to have a tremendous staff that I have been able to put together here. We have made some significant advances and there are some real achievements, and it did make the decision harder.”
“Financial services is a bit like a bottomless pit. There’s always going to be something new that needs to be worked on, but, as I said, it’s a career decision on my part.”
Kelly will replace current ICA executive director Alan Mason.
Recently appointed FPA chair Corinna Deiters said she was confident the association could cope with Kelly’s departure.
“I think it’s really important that both Sarah [Brennan] and myself continue with what we have been doing, and that’s being involved in the key issues facing the FPA and the work that we have already put in around the big ticket items of professionalism and conflicts of interest.”
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.
