Associations hang back on Financial Advice NZ
When the association was launched, it brought together members of IFA, PAA and NZFAA. But one of its longer-term goals was to expand to cover other advisers, including potentially other groups such as IBANZ and TripleA Advisers association.
IBANZ chief executive Gary Young said his organisation was still taking a “wait and see” approach to joining.
There would be strength in numbers on issues where the groups aligned, he said, but it was not clear how widespread those areas will be.
“We think there are some areas of common ground in some of the legislation but we do a lot of work with the Fire and Emergency New Zealand levy which is purely a general insurance thing so we are just waiting and seeing how it pans out.”
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