IFSA formally changes name to Financial Services Council
|
|
Members of the Investment and Financial Services Association (IFSA) have formally agreed to a name change following a general meeting in Sydney yesterday.
Members voted to change the organisation’s name to the Financial Services Council and adopted an expanded mandate to more actively engage in economic policy in Australia. The council represents the retail and wholesale funds management, superannuation and life insurance industries, worth $1.4 trillion.
Chairman David Deverall said the wider focus was critical and added that the financial services sector has an obligation to speak on broader economic policy issues that affect the nation.
Chief executive John Brogden said the council would work with government, regulators and other stakeholders to ensure Australia has the best investment, regulatory and business environment.
“We will continue to work on the issues that enhance the domestic investment environment and assist in building the retirement savings, wealth and, ultimately, the lifestyles of all Australians,” Brogden added.
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.
