FAMNZ dead

FAMNZ, which is an offshoot of the Finance Brokers Association of Australia (FBAA), says it has been unable to recruit enough members to be financially viable in New Zealand.

The writing has been on the wall for some time. FAMNZ has not appointed a New Zealand head after the inaugural appointment, Leigh Hodgetts, left after a year into the role.

Likewise, FAMNZ appeared to be a project spear-headed by FBAA chief Peter White. He announced recently that he was retiring.

FAMNZ has never disclosed its membership, however it is believed to be small.