National Organisation for Finance Brokers

Press Release

National Organisation for Finance Brokers

The New Zealand Finance Brokers Association was incorporated on the 11th October 2004 for finance brokers whose core business caters for predominantly non mortgage finance products.

The broad objectives of the NZFBA are to support protect and advance the character status and interests of the finance broking profession and to promote honourable practice within the industry.

Unlike mortgage brokers who are catered for by the New Zealand Mortgage Brokers Assn, finance brokers in New Zealand have historically not had an umbrella organisation to support and promote their interests or provide a code of ethics and practice to adhere to.

With the advent of the Financial Intermediaries task force established by the Hon Margaret Wilson in September and the possibility of regulation being enacted for all financial intermediaries, it is an excellent opportunity for finance brokers to ensure they have representation at a national level.

Preliminary research by the steering committee reflected a strong response in support of the NZFBA from both brokers and finance companies around the country.

Potential members interested in supporting the NZFBA can access their website :- www.nzfba.org.nz

ENDS

© Scoop Media