What a great session! We discussed what we stood for currently and what we should be looking at for the future. Difficult to summarise an hour’s discussion into a paragraph but strong support for the TripleA to be an independent voice and as powerful lobbying body as we can in the future. We discussed whether the TripleA should consider setting itself up as a Financial Advice Provider (FAP) under the looming legislation but discounted this as basically, this meant a tied adviser arrangement and that wouldn’t sit well with many of our members (quite a few will be applying for their own FAP licence anyway). It is important for members to provide feedback/input in regards to the TripleA. Discussions covered the emergence of Financial Advice New Zealand and the implications of legislation for our members. The general sentiment was that there is still a niche for the TripleA.
We discussed what we stood for currently and what we should be looking at for the future.