The Working Group of Financial Advice New Zealand met Thursday last week to consider the draft Plan and recommendations on how the new body will achieve the key outcomes identified during the Consultation Stage.
The Planning Stage of the new body’s 100 Working Day Development Process was completed on the 4th of April and the fourth and final stage, Operations, has now commenced.
The Working Group is aiming for a concluding date for the Operations stage of 5th May 2017.
The Working Group is keen to bring Financial Advice New Zealand to life as soon as possible, as it said members and other interested parties have been very clear that they want to see the new body up and running, and working towards achieving the priority outcomes identified during the Consultation Stage.
“We’ve listened to that sentiment and we’re focused on sharing the big plan and the finer details as soon as possible,” Working Group said.
The Working Group will be ready to outline the plan, first with IFA, PAA and NZFAA members and then with the industry, in late May and early June.
“It has been a necessarily comprehensive Development Process, and we thank everyone who has participated to date. Your input has been greatly appreciated and has played a crucial role in getting us to this point. We look forward to sharing the outcome of what has been a highly collaborative process.”