The following is a joint communication to members of the IFA and NZMBA from Geoff Bawden, Chairman of the NZMBA and Simon Hassan, President of the IFA.
IFA and NZMBA have agreed to work strategically together for the mutual benefit of their respective members and in the interests of consumers.
Each organisation acknowledges the other as the leader in their respective fields, NZMBA in mortgage broking and IFA in risk insurance, savings and investment. Both share a strong commitment to consumers and the needs of members, and have established well-documented procedures for the protection of consumers and members.
Both are committed to the ongoing professional development of members and delivering cost effective services to members. Both have professional codes of ethics and are highly regarded both internally and in the industry at large.
Both acknowledge and recognise the other's specialist expertise and real commitment to simple and appropriate professional standards for financial advisers - for the benefit of consumers.
We wish to work together approaching regulation so that our respective members, as they diversify their businesses, can be confident that their professional body remains their natural home.
This will also have obvious benefits for consumers.
NZMBA and IFA agree that a number of options are open for discussion. These include, but are not restricted to, cross accreditation processes (where IFA might be able to accredit NZMBA insurance advisers and NZMBA accredit IFA mortgage brokers).
We will continue to communicate with you on a regular basis as this relationship evolves and assure you that we remain totally committed to supporting you in your respective business activities.
Simon Hassan Geoff Bawden
IFA NZMBA |
