PAA and IFA reveal plans to launch new, unified organisation

Bruce Cortesi

The two organisations said it was not a merger - IFA president Michael Dowling said it was possible that the IFA and PAA could continue to exist, even as a new organisation was launched.

PAA has about 1200 members, and IFA has 730. There are believed to be about 40 to 60 advisers who are members of both.

PAA chairman Bruce Cortesi emailed members saying the new organisation was about "not so much the people or the profession but what we represent – the advice".

"This is a huge opportunity for our industry and one that we think is worth talking about. In the coming weeks we’ll keep you posted on developments and what’s happening."