
The Financial Planning Association (FPA) has called on its members to provide pro bono financial advice to the victims of bushfire and flood disasters across the country.
“The FPA’s pro bono service has been around for a number of years helping people in need, and in a situation like this the recent natural disasters when large portions of the country are affected, everyone should lend a helping hand,” FPA chief executive Mark Rantall told ifa.
“We have 70 to 100 members who are regularly engaged in pro bono activities and for a crisis like this we shouldn’t have a problem marshalling our members,” he said.
As well as simply “lending a listening ear” to disaster survivors, Mr Rantall said certified financial planners (CFPs) and FPA members have skill sets that could be of particular benefit.
Victims may have need for advice on budgeting, rebuilding and financing property and other damaged assets, administrative tasks around replacing lost or damaged financial documents and information and, where necessary, opportunities for lodging insurance claims, Mr Rantall said.
The FPA is calling on members to officially register so that victims can get in touch with specific advisers.
MLC Life has appointed the former CFO of AMP Bank as its new deputy CFO as it sees a period of “significant change” for the industry ahead. ...
Mayfair 101 founder James Mawhinney has been restrained from a number of activities following a Federal Court ruling. ...
One of Australia’s largest licensees says it is facing a crisis as risk advisers exit the industry, with its annual life insurance new business drop...