Institute of Financial Advisers announces departure of CEO

6 June 2012

IFA announces departure of CEO

The Institute of Financial Advisers (IFA) has announced that it is chief executive Peter Lee’s intention to leave the Institute in late July to take up a senior role at OnePath, one of the IFA’s five Premier Business Partners.

Lee has been chief executive of the Institute for two years, during which time he has been instrumental in implementing many significant initiatives to the Institute.

IFA chair Tony Vidler says: “Lee has taken the organisation through a period of unparalleled change for the advisory profession. We would like to take the opportunity to thank Peter for his valuable contribution to the institute during this time.”

While the board is disappointed to lose Peter and his valued skills, the IFA is pleased it will continue to work with him in a different capacity in his new role as Head of Adviser support at OnePath. “We understand Peter’s move is for personal and professional reasons and wish him all the very best for the future,” Vidler says.

IFA Vision

To be recognised as the professional body for financial advice in New Zealand.

IFA Mission

To help our members reach their full potential to deliver professional, quality financial advice to New Zealanders.

IFA Background

The Institute of Financial Advisers is the professional body for some 1,000 members, representing financial advisers in New Zealand. All members are individual members, not corporate members. We estimate that our members provide advice to some 200,000 New Zealanders each year, many of whom would be couples rather than individuals, with an overall client base of around 600,000.

Our members provide advice to their clients in the areas of insurance, investments, financial planning, work-based savings and insurance, retirement planning, estate planning and financial services generally. Their professional practices reflect the broad spectrum of New Zealand businesses – they operate as local SME’s, are part of large regional or national dealer groups, are associated with strong financial organisations, services companies in banking, funds management, or insurance, work in employee benefits organisations, or sometimes practice as lawyers, accountants and other professional advisers.

The Institute reinforces compliance with a code of ethics and practice standards, runs a Professional Conduct Committee and Disciplinary Tribunal that are independently chaired, offers education pathways that can lead to professional designations and the attainment of internationally recognised adviser marks, maintains and ensures compliance with a continuing professional development programme, and provides networking, education, development, and business practice forums at a national and regional level for members.

ENDS

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