New chair for Financial Advice NZ certification body

Financial adviser Simon Hassan has been appointed chair of Financial Advice NZ’s certification committee.

Thursday, July 5th 2018, 6:00AM

The committee will handle certification processes for the CFP and CLU marks and ensure that New Zealand applicants and charterholders meet their international obligations.

The committee was independent from the association’s board, Hassan said.

It was possible it could have some responsibilities for administering the Financial Advice NZ Quality Service Mark too, he said, but that was yet to be determined. Much of that work may be handled by Financial Advice NZ management.

Hassan had to give up his own CFP qualification to take the role of chair, so that he could be independent.

He said that was not a decision made easily but he plans to move to semi-retirement in September, anyway.

The committee will be made up of six people who will review things such as advisers’ sample financial plans, case studies and reports when they apply for the CFP or CLU mark.

The Institute of Financial Advisers previously administered the marks in New Zealand.

Tags: CFP Financial Advice New Zealand