Zurich welcomes AFA and FPA merger
Zurich Financial Services Australia (Zurich) today welcomed the successful vote by members to merge the Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA).
The creation of the Financial Advice Association of Australia Limited (FAA) represents a significant milestone for the industry and a further demonstration of the professionalisation of financial advice in Australia.
Kieran Forde, Chief Distribution Officer, Life & Investments, Zurich Australia said: “Members of these Associations should be congratulated for recognising the importance of strong and united representation given the significant regulatory and market forces impacting the profession.”
“Zurich is confident that this merger will create immediate benefits, not just for members, but also for consumers and the broader economy as we seek to enhance access to quality and affordable advice,” Mr Forde said.
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Adam Siddique
Head of Public and External Affairs
+61 407 473 630
media@zurich.com.au
Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the organisation provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands. Further information about Zurich Financial Services Australia is available at www.zurich.com.au.
Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 82 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns. Reflecting its purpose to ‘create a brighter future together,’ Zurich offers protection services that go beyond traditional insurance, to support its customers in building resilience. Since 2020, the Zurich Forest project supports reforestation and biodiversity restoration in Brazil’s Atlantic Forest. The Group has more than 65,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN) is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.