Mortgage advisers to be offered another association choice

Its decision means mortgage advisers will have a choice of associations to belong too, FBAA or Financial Advice NZ.

The Finance Brokers Association of Australia (FBAA) describes itself as "Australia's leading national association for finance and mortgage brokers, representing more than 11,000 members."

FBAA managing director Peter White told members at its annual meeting last week it will be “going across the ditch to New Zealand”.

It plans to open a local branch but the name of the New Zealand brand has not yet been finalised.