100 Working Day Development Process CompleteFriday 05 May 17
Today marks the end of the Financial Advice New Zealand 100 Working Day Development Process. The Working Group has now finalised the recommendations for the new representative body, which will be released to the respective Boards of the PAA, IFA and NZFAA next Wednesday, 10 May 2017.
Following IFA, PAA and NZFAA Board approval, each association will commence their constitutional processes, which includes presentation of the Financial Advice New Zealand plan to members and Special General Meetings.
The Working Group has recommended the formation of an Establishment Board to immediately commence work on the strategic objectives identified during the consultation process: advocacy, standards and promotion.
The structure of the Establishment Board will be agreed by the Working Group on the 10th of May which will form part of the required approval by the respective Boards. Appointees will be then sought for the positions.
Co-Chairs of the Working Group, Michael Dowling and Bruce Cortesi said: “We are not waiting until the current bodies are closed before we start to do the work. The memberships of the PAA, IFA and NZFAA will continue to operate independently of the establishment of Financial Advice New Zealand for a period during the establishment phase.”
An outline of the next steps and timelines will be available next Thursday, 11 May.