IFA revamps specialist interest groups
The Institute of Financial Advisers (IFA) is revamping its professional development structure over the next three months and bringing specialist interest groups under its umbrella.
Thursday, January 6th 2011, 8:16AM
by Jenha White
IFA chief executive Peter Lee says the institute has made the decision to keep the specialist interest groups (SIGs) because it believes there is a lot of value in them which can be developed.
The idea is that the groups will be the place advisers go to if they need advice or information, essentially being a knowledge bank.
The chairs of the SIGs are:
- Financial planning - Neville Caird
- Investment - Kristy Staples
- Risk - Michael Dowling
- Estate planning - John Brown
- Lending - Lyn McMorran
Lee says there will also be subject matter experts in each area, who won't necessarily be IFA members.
"We want access to the best people in each of these groups. The SIGs will be industry leading centres of excellence," says Lee.
As a result of work and knowledge brought together in the SIGs, the IFA plans to develop relevant training, professional development and conference content.
Lee says on a wider scale the Professional Development committee will also look at how the CFP and CLU designations fit in the new scope of regulation, it will look at courses for members and it will be identifying any other areas members want to be developed.
Lee says a lot of best practice for New Zealand advisers will be drawn on from the Financial Planning Standards Board and information gathered from overseas.
Jenha is a TPL staff reporter. jenha@tarawera.co.nz
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