The FPA’s key compliance and policy managers will assume the duties left by the association’s departing chief professional officer, Deen Sanders, the association’s chief executive has said.
FPA chief executive Mark Rantall told InvestorDaily that Sanders, who has been acting in a consulting role with the FPA for the last 12 months, will leave the peak advice body at the end of this month.
Sanders’s role will not be directly replaced, with his duties split between FPA professional standards general manager John Bacon and FPA general manager, policy and government relations Dante De Gori, Rantall said.
“[Bacon] will take on the carriage of reviewing our code [of professional practice] which Deen has finalised the communication plan for our members,” Rantall said.
The plan, which will be released in the form of a consultation paper, will be delivered to members in the next few weeks, he said.
Asked whether Sanders’ departure delays the release of the FPA’s code, Rantall said it did not as the association was “ahead of schedule”.
“We will be redeveloping the code to take in account the necessary changes for FOFA [Future of Financial Advice] including the opt-in requirements,” Rantall said.
“Deen was a consultant with the FPA and has been for the last 12 months, so we’ve freed John up to continue that work.
“Dante has taken over all of the supervision and enforcement area as well as policy.”
Late last month, the FPA informed members that Sanders would be leaving to take on the new role of Professional Standards Board chief executive.
In his new role, Sanders will be working with a range of professions in establishing standards, education and disciplinary processes in this exciting challenge, the FPA said in a statement.
“Deen is known to many FPA members, has been instrumental in developing professional regulation for financial planning in Australia and played a critical role in the FPA’s evolution to a professional body for practitioners,” it said.
“This change is part of a transition that started over twelve months ago and the FPA’s ongoing work in evolving our Code of Professional Practice will continue with a high level of momentum, driven by the FPA management team going forward.”
