FPA board extends chairman's term


Matthew Rowe will stay on as chairman of the Financial Planning Association (FPA) board for another two-year term until November 2014.
Rowe was first elected as chairman in 2010 when he took over from his predecessor Julie Berry, who held the office for two terms.
"I am flattered by the private words of support and encouragement received from colleagues to continue leading our committed FPA board and executive team towards the shared vision of restoring respect for professional financial planning and regaining the trust of the broader Australian community," Rowe said.
In announcing his decision to stay on for a second term, Rowe cited the "job left to do in raising the professional bar on behalf of FPA members and the Australian public".
Board members are elected by the voting members of the FPA, while chairman, executive and committee members are elected at the board level.
FPA chief executive Mark Rantall supported Rowe's decision to stay on, adding he looked forward to continuing "the strong relationship with the chair and the entire FPA board".
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.