MFAA CEO Phil Naylor has announced his resignation.
Naylor has told the MFAA Convention on the Gold Coast that he will step down from his role as of 24 December of this year.
"I just felt that I needed to do something else with the skills and talents I’ve developed. So after almost 12 years as chief executive, I believe now is the right time to pass on the baton," Naylor said.
MFAA president Tim Brown praised Naylor's tenure as CEO.
Phil has always actively and vigorously lobbied government regarding the role and relevance of brokers. From 2003 to 2007, Phil was a driving force to persuade state governments to work together to achieve uniform broker legislation.
“In the NCCP negotiations, he championed the case to ensure NCCP covered all sources of credit (not the original intention of brokers only) and to recognise the difference between credit and financial products. This enabled brokers to give credit advice under the NCCP Act rather than the more complex FSR Act.
“Phil and his team have built a strong and resilient organisation that is well respected within the industry and by government. It is further testament to Phil’s character that he will continue to assist the organisation in the transition to his successor,” Brown said.
More on this story as it develops.