FPA, AFA seek input on new name

In a LinkedIn post this week, the Financial Planning Association (FPA) said it has emailed its members a “member survey” on the new name of the proposed merged association.

“The respective boards of each organisation and their appointed branding agency are looking to gather valuable insights from members to help guide the development of a new name for the proposed merged association,” the FPA said.

The Association of Financial Advisers (AFA) and FPA confirmed to ifa last month that a new name for the merged entity will be put to members as part of the vote, which will begin in early February 2023.

“Both boards agree that a new name and branding, reflecting the new entity, would be appropriate to honour the heritage of both associations,” the groups said in a joint statement.

“Members will be involved in consultation on the options, and a proposed new name for the merged entity will be put to members as part of the vote.

“It is currently anticipated that a survey will be sent to members in the next few weeks seeking their input on a new name and brand”.

Earlier in November, the two groups confirmed that drafts of key documents, including the proposed information memorandum, resolutions, and constitution will be sent to all members in early December, which will kick off an extended consultation period with members encouraged to provide their feedback.

At the conclusion of the consultation period, final versions of the documents will be issued to members and voting will open in early February 2023, closing in late February at separate Extraordinary General Meetings (EGMs) of the AFA and FPA.

For the proposal to succeed, 75 per cent of members who vote will need to vote in favour.