FSC appoints new board directors
The Financial Services Council has appointed three new directors to its board.
NAB Wealth group executive and MLC Limited chief executive, Andrew Hagger; chief executive and managing director of Perpetual Limited, Geoff Lloyd, and David Bryant, chief executive and chief investment officer of Australian Unity Investments have replaced Steve Tucker, Pauline Blight-Johnson, Joyce Phillips and Gerard Doherty as FSC board directors.
FSC chairman, Peter Maher thanked the outgoing directors for their time and expertise while welcoming the newcomers.
"We welcome the breadth and depth of experience these directors bring to the FSC board," said FSC chairman Peter Maher.
"We are also delighted that Geoff Lloyd — who was a director from 2008 to 2010 − has re-joined the board."
He said it was a time of significant transformation for the financial services industry which was poised to become Australia's next major area of growth.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.