FPA unveils five-year roadmap for financial planning
The Financial Planning Association of Australia (FPA), the nation’s peak professional body for financial planners, today unveiled its 2025 Strategic Roadmap, detailing three priorities that will guide its activity over the coming years.
The five-year strategic roadmap will officially start from 1 July and focuses on three core pillars of focus – Members, Advocacy and Consumers (MAC):
- Members: To lead the profession on the financial planning model of the future
- Advocacy: To be the voice of the profession with a policy vision that ensures a growing and sustainable future for financial planning
- Consumer: To showcase the value of financial advice among all Australians, increasing awareness and use of financial planners
FPA CEO Dante De Gori said the strategy continues the association’s unrelenting efforts to support members and to increase the take up of financial advice by all Australians.
“There are significant opportunities for the FPA to lead on initiatives under each of these three strategic priority areas. Supporting members to grow and thrive, increasing the number of Australians accessing financial advice, and having a leading voice in public policy will be key priorities with significant initiatives to be rolled out over coming weeks and months to support each of these areas”
Mr De Gori said the new strategic direction for the FPA comes after the shape of the financial advice landscape has shifted dramatically in recent years.
“Our members are facing more regulation, higher education standards and increased costs. At the same time, there has never been a greater need for Australians to seek financial advice,” he said.
“In this context, we are excited to set in place a roadmap that we believe will support a vibrant and sustainable profession into the future and make financial advice accessible and affordable for all Australians.”
FPA adapts team to the new strategy
As part of its five-year strategic framework, the FPA also announced changes to its corporate structure to align the peak professional body to these new strategic priorities and ensure it continues to best serve member needs.
“This new structure will enable the FPA to focus on the core areas outlined in the MAC strategy – member engagement, public policy advocacy and consumer education,” Mr De Gori said.
The structure comes into effect from 1 July, and unfortunately includes redundancies to a number of roles however it also includes new ways to support the future direction of the Profession.
“As our five-year strategic plan was finalised it was natural to look at the team structure. I am personally grateful for everyone’s contribution to the FPA over the past five years but as our strategy evolves and the environment changes we need to transform to ensure we remain relevant and effective.”