First grants made with holiday homes money
The trust was set up to manage the proceeds of the sale of the PAA's holiday homes. Its purpose is to promote and educate financial advisers.
Trevor Slater, spokesman for the trust, said it had made its first two grants, of $20,000 each.
One was to Financial Advice New Zealand, for research into "awareness of financial advice in the wider community" to help their promotion of the work of financial advisers.
Life Info received money to fund its not-for-profit work developing the life-info.org.nz consumer website, which gives information about insurance.
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