Top 10 Most Influential: Ken Breakspear
KEN Breakspear no doubt sees some irony in the fact that he has received a nomination forMoney Management’slist of Most Influential People for the third year running, in the month after he departed his role as chief executive of theFinancial Planning Association(FPA).
Events conspired to make 2003 arguably Breakspear’s most challenging year at the FPA, particularly following the fallout from theASIC/ACA shadow shopping survey.
Breakspear was both criticised and praised by members of the industry over the FPA’s handling of the ensuing media and consumer backlash.
But whether he handled the ACA/ASIC fallout well or not, no-one on the panel could argue that Breakspear was without influence.
One member of the panel commented that over the past year “things have changed for the better at the FPA — he set some ground rules that weren’t there before and that will carry on into the future”.
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.