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McMorran wins presidential race

There has been a changing of the guard at the top of the Institute of Financial Advisers.

Friday, May 16th 2008, 7:23AM
Yesterday's council meeting elected Wellington's Lyn McMorran as president, replacing Simon Hassan, who stands down on 30 June after more than a decade on the board.

Two new practitioner directors – Neville Caird of Dunedin and Jordi Garcia of Auckland, were also elected. Sitting member Tony Vidler from Christchurch was also re-elected.

The elections were the first time the institute has directly elected a president.

As well as the above positions, Garth Clarricoats who was elected for two years last year, continues as a practitioner director, and Ross Butler also carries on for another year as an independent director.

Independent director Ferne Bradley has ended her term as an independent director.

McMorran said she wants to restore some lines of communication within the IFA, although she says it is more a matter of a slight upgrade than a total refurbishment.

She admits that the organisation "could do better than we have" in keeping its disparate membership base happy but the basic goodwill remains intact.

She says her strengths "are in bringing groups of people together and getting the best out of them."

As well as maintaining an "open and available" IFA presidency, McMorran says she wants to promote the virtues of the organisation's membership to the many advisers who don't belong to any industry body.

"I didn't join the IFA because of its code of conduct and ethics - I wanted a CFP," she says. "But I became a better adviser because of those codes of ethics."

McMorran also wants to "re-emphasise" IFA benefits such as its professional development, networking and conference programs.

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ANZ 4.44 3.15 3.25 3.39
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BNZ - Mortgage One 5.15 - - -
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China Construction Bank Special - 2.65 2.65 2.80
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Heartland Bank - Online - - - -
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HSBC Premier LVR > 80% - - - -
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HSBC Special - - - -
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Kainga Ora 4.43 2.93 3.07 3.24
Kiwibank 3.40 3.30 3.54 3.54
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