6 June 2012
IFA announces departure of CEO
The Institute of Financial Advisers (IFA) has announced that it is chief executive Peter Lee’s intention to leave the
Institute in late July to take up a senior role at OnePath, one of the IFA’s five Premier Business Partners.
Lee has been chief executive of the Institute for two years, during which time he has been instrumental in implementing
many significant initiatives to the Institute.
IFA chair Tony Vidler says: “Lee has taken the organisation through a period of unparalleled change for the advisory
profession. We would like to take the opportunity to thank Peter for his valuable contribution to the institute during
this time.”
While the board is disappointed to lose Peter and his valued skills, the IFA is pleased it will continue to work with
him in a different capacity in his new role as Head of Adviser support at OnePath. “We understand Peter’s move is for
personal and professional reasons and wish him all the very best for the future,” Vidler says.
IFA Vision
To be recognised as the professional body for financial advice in New Zealand.
IFA Mission
To help our members reach their full potential to deliver professional, quality financial advice to New Zealanders.
IFA Background
The Institute of Financial Advisers is the professional body for some 1,000 members, representing financial advisers in
New Zealand. All members are individual members, not corporate members. We estimate that our members provide advice to
some 200,000 New Zealanders each year, many of whom would be couples rather than individuals, with an overall client
base of around 600,000.
Our members provide advice to their clients in the areas of insurance, investments, financial planning, work-based
savings and insurance, retirement planning, estate planning and financial services generally. Their professional
practices reflect the broad spectrum of New Zealand businesses – they operate as local SME’s, are part of large regional
or national dealer groups, are associated with strong financial organisations, services companies in banking, funds
management, or insurance, work in employee benefits organisations, or sometimes practice as lawyers, accountants and
other professional advisers.
The Institute reinforces compliance with a code of ethics and practice standards, runs a Professional Conduct Committee
and Disciplinary Tribunal that are independently chaired, offers education pathways that can lead to professional
designations and the attainment of internationally recognised adviser marks, maintains and ensures compliance with a
continuing professional development programme, and provides networking, education, development, and business practice
forums at a national and regional level for members.
ENDS