Financial Planning Association (FPA) board director Marisa Broome will take over as chair from Neil Kendall when his term ends on 21 November, this year, following two terms as a director having twice been elected by FPA members to the board.
Broome had been in the industry for over 30 years and had been an active member of the FPA since its inception, including currently serving as chair of its Policy and Regulations Committee and the Financial Adviser Standards and Ethics Authority (FASEA) Working group. She was also a member of the Audit and Risk Management Committee of the FPA board.
“We will continue to focus on strong professional standards, professional education, and engagement with consumers around quality advice. At the same time, we’ll be building a story centred on trust and the improved standards of FPA practitioner members,” Broome said, speaking on the announcement of her appointment.
“Undoubtedly, there is a need to rebuild community trust in the financial planning profession, but that’s an opportunity for us to seize and build upon, together with a focused commitment to ongoing education, ethical governance and accountability.”
The FPA also announced that Philip Pledge would be stepping down as a director at the end of the year, to be replaced by a KPMG veteran and member of the Audit and Risk Committee at NSW Treasury, Paul Ruiz.