FPIA names first CEO
Phillip Matthews has been named as the first permanent chief executive the Financial Planning and Insurance Advisers Association (FPIA).
Phillip Matthews has been named as the first permanent chief executive the Financial Planning and Insurance Advisers Association (FPIA).
Matthews, currently vice-president of the FPIA, will move from Auckland to take up the Wellington-based position in November this year.
FPIA president Andrew Charles says Matthews is in the process of resigning as vice-president and is likely to sell his planning practice to focus on the new full time posi-tion.
Charles announced the FPIA’s intention to appoint a permanent CEO for the organi-sation at the annual conference in July this year following the agreement by several fund managers to fund the position for three years.
“We’re in a position to make this appointment thanks to the sponsors: AMP, BT Funds Management, Sovereign, AXA, Royal and SunAlliance and Armstrong Jones,” Charles says.
He says the new CEO will aim to increase membership, build better relations with government departments, improve the education process and raise the public profile of the FPIA.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
