Associations expecting 'yes' vote
Rod Severn, his counterpart at IFA, Fred Dodds, and the two presidents of the organisations, Michael Dowling and Bruce Cortesi, held a series of sessions with members of the IFA and PAA around the country last week to discuss their proposal for a new adviser association.
Severn said the feedback from members had been positive. “There was a good turnout in each location and nobody came into the meeting with any negative ideas.”
He said some members had wanted more detail than was available at this stage. “Some said they think it’s a good idea but they can’t give a view until we can give more detail in the future. All we are asking for at the special general meeting is to approve the creation of Financial Advice New Zealand.”
He said, once that hurdle was passed, he and Dodds would have the job of working out the mechanics of the set-up, including its constitution, budget and structure, which could take six to nine months to achieve.
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