Members of the Financial Planning Association (FPA) will have the opportunity to voice their opinions on proposed changes to the association’s constitution, membership and election strategy at a nationwide roadshow, which kicks off in Mildura on August 14.
FPA chief executive Jo-Anne Bloch said “FPA on the Road” would feature presentations on key issues affecting members, particularly the association’s membership review — designed to enable the association to refocus on the professional responsibilities of individual practitioners.
“Of critical importance is the proposed membership category review and changes to the constitution, which will be voted on at the annual general meeting in November,” she said.
The proposed changes include reducing FPA member categories from 12 to three — general, practitioner and principal — and reducing the number of board directors from 12 to eight.
Bloch said other key issues for discussion include the FPA’s campaign for the upcoming elections (including reducing the regulatory burden on planners), helping planners meet new anti-money laundering obligations, Financial Industry Complaints Service (FICS) rules and processes and the Australian Securities and Investments Commission’s proposal to mandate professional indemnity insurance and alter its terms and conditions.
“The roadshow is designed to gain feedback from members to ensure their views are represented in FPA policy,” said Bloch.
Bloch and other FPA senior managers will take the roadshow to all 31 of its chapters.
