TNP says it isn't out to "rape, pillage and plunder"

TNP's announcement came just a week after the NZ Mortgage Brokers Association (NZMBA) and the Professional Advisers Association (PAA) announced plans to become a single organisation from early April.

NZMBA chairman and chief executive Darren Pratley is also TNP's home loans director, raising questions of conflict of interest. As well, TNP director of development, Dave McMillan, was chief executive of PAA for three years until May 31, 2009.

Pratley says although he knew of the plans to form TNPPA, he had no involvement in its development and denies any conflict of interest.

His focus had been entirely on the merger of the NZMBA and the PAA: “I've worked tirelessly for the industry,” he says.