FPA formalises partnership with Future 2
The Financial Planning Association (FPA) and charity organisation Future2 Foundation have formalised their partnership by executing a memorandum of understanding (MOU) which will make Future2 the charitable foundation of the FPA.
As part of the execution of the MOU, the foundation will be provided with a larger resource pool and greater integration into FPA activities, while the Future2 board would offer more positions for FPA nominees.
“As our charitable foundation is seeking to make a lasting difference in the lives of those who need it most, Future2 will facilitate collective giving and individual involvement, augmenting the community and pro bono work of many FPA members,” said FPA chair Matthew Rowe.
“Financial planners will gain widespread respect and trust by acting in the public interest in all that they do - community service as well as client service - and contributing to the overall wealth of the community,” Rowe added.
Aligning Future2 solely with the FPA would open the way to stronger engagement by the 8500 members of the association, according to Future2 chair and AMP financial planning executive, Steve Helmich.
“With their support we will take our place at the heart of the financial planning profession and build a strong, vibrant future,” Helmich said.
As part of the agreement, Future2 will replace its tagline with the words: 'The Foundation of the Australian Financial Planning Association’.
Future2 was established in 2007 and is providing financial support to people in “necessitous circumstances”.
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.
