IFA welcomes new commissioner

 

21 September 2009

IFA welcomes new commissioner

The Institute of Financial Advisers (IFA) is pleased with the appointment of David Mayhew as the permanent Commissioner to Financial Advisers as this will provide certainty during the transition to regulation.

Mr Mayhew is to return to New Zealand from Britain in January to assume responsibility from temporary commissioner Annabel Cotton.

IFA president Lyn McMorran says the IFA has worked well with Annabel in her short time at the role. “We have a very high level of involvement with the regulators which has been mutually beneficial and we hope that that will continue. We look forward to a smooth transition during the changeover period and are willing to assist in any way.”

The commissioner will oversee the drafting, approval and implementation of a professional Code of Conduct for financial advisers.

“Mr Mayhew has an impressive reputation and we look forward to providing him with an understanding of the New Zealand environment. The aim of the regulation is to provide confidence in seeking financial advice to the NZ consumer and we believe, together with the IFA, the Commission can achieve that.”

ENDS

For further information please contact:
Lyn McMorran, President Mob: 027 226 3985
Institute of Financial Advisers

About the Institute of Financial Advisers
The Institute of Financial Advisers is the professional body for financial advisers, including insurance and investment advisers and financial planners. The Institute is an industry leader, representing some 1,300 financial advisers throughout New Zealand.