AFA shuffles board


Dennis Bateman
A new board of directors was elected to the Association of Financial Advisers (AFA) last week during its 60th annual conference in Sydney.
Dennis Bateman, who took over as the AFA’s new president, said: “I am please to be taking over as president of the AFA at this time as the AFA is growing and is participating vigorously in the national debate on superannuation and adviser issues.”
Paul Riegelhuth is now national vice-president and Mark Hawes is national treasurer.
Jim Taggart takes over as NSW/ACT director, Gerry Porter is Queensland director and Kerry Sharp is Victorian director.
Craig Yates is Tasmanian director, Michael Harrison is director of South Australia/Northern Territory and Allan Downs is Western Australia director.
“Our new board has a good mix of experienced directors and new members seeking to offer ideas and expertise,” Bateman said.
The national conference is a key part of the AFA’s agenda, this year attracting over 400 delegates.
Bateman pointed out that many of this year’s delegates were under 40 years of age, expressing his delight at this achievement, with the development of ‘Generation Next’ a key goal of the AFA.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.