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Members happier with FPA

The Financial Planning Association (FPA) has achieved a strong performance in the second year of its three-year strategic plan, according to Chairman Julie Berry.

She says a member communication survey shows 64% of members now believe the FPA has “changed for the better”.

Ms Berry says this is due to the association’s representation of financial adviser interests and the provision of professional and ethical standards.

The FPA’s annual report, issued last week, shows an operational surplus of $512 million and an increase in membership revenue of $6.3 million in 2007/08.