FPIA branches take the lead in educating investors

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More and more local branches of the Financial Planners and Insurance Advisers Association are starting to run all-day education events tailored for the public.

Wednesday, January 5th 2005, 9:42PM

The concept of running "Financial and legal forum" for the public started in the Hawkes Bay and has been picked up by other branches.

Wellington are planning to run an event at Te Papa at the end of February.

FPIA Wellington branch chairman Gordon Noble-Campbell says that investors are looking to the industry to help educate them about how to make better investments.

He quotes a 2003 US Securities Industry Association survey which looks at investor attitudes to advisers.

"The survey also revealed that two thirds of respondents felt they know 'just some' or 'very few' things necessary to make good investment decisions, with a third noting that seminars on specific financial topics are 'very important'," he says.

Noble-Campbell says heightened consumerism and sharpened media focus on the value added by the financial advisory profession should encourage people to attend the forum.

FPIA Wellington has secured a number of sponsors, including: AIA, AXA, BT Funds Management, ING, St Laurence, Tower and Westpac Institutional Bank.

The forum covers a range of topics. There are presentations from high-profile organisations such as the NZX, Retirement Commission and the FPIA.

Also NZ First leader Winston Peters will ask: "Is there a need for compulsory super?"

Practical sessions on areas such as asset protection, the economy, tax planning and a panel discussion led by ASSET columnist and Economics NZ managing director Donal Curtin will look at investment options for 2005.

For more information and to book your place email fpiaforum@yahoo.co.nz

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