FSC gives nod on APRA appointments
The new Australian Prudential and Regulation Authority (APRA) appointments have received positive reaction from the Financial Services Council (FSC).
The FSC congratulated Helen Rowell on her appointment as the full-time deputy chair and Geoff Summerhayes as a full-time member.
FSC chief executive, Sally Loane said Rowell had served her role as the APRA member for superannuation with distinction.
"The FSC has appreciated the consultative approach Ms Rowell has taken in her dealings with the industry and for her efforts in implementing significant reforms in superannuation arising from the Cooper Review," Loane said.
"Geoff made a significant contribution to the life insurance industry through his role as CEO of Suncorp Life and as a director of the FSC Board, and as co-chair of our life board committee.
"His leadership during the life insurance reform process over the past 12 months was outstanding, and his long experience in the private sector in financial services will be valuable as he takes up his APRA position."
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
