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The only way is up for the PAA: Severn

Friday 15th of May 2015

During a panel discussion at the FSCL Conference held in Auckland yesterday Severn said the PAA was in good shape, with assets of around $2.5 million and its membership was growing.

He acknowledged some people were leaving the association and said these tended to be people at the end of the careers, however there are a lot of new members joining the association.

One area of growth is likely to be mortgage brokers as many of the groups are recruiting at the moment, and banks are reporting they can deal with as many as 10 or 12 new accreditions a week.

Severn said that for associations to stay relevant they need to evolve. A key function of the association was to provide professional development, however the PAA offers a professional indemnity scheme and discounts on group insurance. He said that the PAA is also about to roll out a loyalty scheme.

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