More than half of all NZPF members now subscribe to our wholly owned PASL – Principals’ Advice & Support Limited. For many years, the scheme was administered by the Dunedin office of Crombie Lockwood, a national insurance broker. After a longstanding arrangement, changes to the Financial Markets Regulations resulted in Crombie Lockwood being unable to continue to provide their banking and invoicing services to PASL. The Board of PASL therefore contracted Jacquie Kenton, jacquie@pasl.nz to be the sole administrator for the scheme. Jacquie worked as PASL administrator through Crombie Lockwood, so is well familiar with the scheme.

Subscribers to PASL will notice no substantial differences with this shift since all of the administration activities will continue uninterrupted. We thank Jacquie for her continuing service to the PASL scheme.