FPA chairman Mathew Rowe has agreed to extend his term until November, 2014.
Announcing his decision Mr Rowe cited the “job left to do” in raising the professional bar on behalf of FPA members and the Australian public. His decision was also buoyed by the record numbers of financial planners renewing their FPA membership by the June 30 cut-off date.
“I am flattered by the private words of support and encouragement received from colleagues to continue leading our committed FPA Board and executive team towards the shared vision of restoring respect for professional financial planning and regaining the trust of the broader Australian community,” Mr Rowe said.
“Our approach has always been to simply stand up for what is right. This means we have made some tough decisions that, in retrospect, have proven to be the absolute bedrock we needed to halt the falling reputation of financial planning and its professional practitioners in this country.
“In 2012 we now have a strong group aligned around the core principle of putting consumers first, while promoting the clear-cut professional competency of CFP-qualified financial planners. These two simple things have struck a convincing chord with the profession.
“I want to personally thank our members for voting with their feet and giving us a renewed energy to fulfil our worthy mission.”
FPA chief executive Mark Rantall said he was delighted to continue the strong working relationship with the Chairman and the entire FPA Board.
“Much has been achieved to date but I agree with Matthew that there is plenty left to do. Our continuing negotiations with the key stakeholders in the post FoFA environment are critical to ensure we gain the positive regulatory and legislative outcomes to deliver certainty for FPA members and which advocate the needs of Australian consumers.”
5 July 2012
