AFCA appoints deputy chief ombudsman

Australian Financial Complaints Authority AFCA June Smith david locke

30 July 2019
| By Chris Dastoor |
image
image
expand image

The Australian Financial Complaints Authority (AFCA) has appointed Dr June Smith as deputy chief ombudsman, and Evelyn Halls as lead ombudsman banking and finance.

Smith was an internal promotion having previously been previously lead ombudsman superannuation, advice, investments and life insurance.

Halls was promoted from being ombudsman banking and finance decisions, both appointments were effective from 29 July, 2019.

David Locke, AFCA chief executive and chief ombudsman, said Smith had a proven track record at AFCA and predecessor schemes.

“June has a wealth of financial sector experience and well-developed relationships with regulators, industry and consumer groups,” Locke said.

“June is well recognised for her work developing codes of practice to improve customer outcomes, along with her efforts in promoting professional standards and business ethics in the financial advice industry.”

Smith said fairness underpinned what the organisation does and one of her first tasks would be to oversee AFCA’s Fairness Project.

“Work has already commenced on a new Fairness Project to investigate how we can ensure AFCA decisions are made fairly and to identify a framework for confirming that complaints are consistently resolved in a way that is fair, efficient, timely and independent,” Smith said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 weeks 6 days ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 weeks 3 days ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

2 months 3 weeks ago

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients....

2 weeks 2 days ago

AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions. ...

2 weeks 2 days ago

A former Insignia Financial C-suite exec has taken on a leadership role at MUFG Retirement Solutions as it announces chief executive Dee McGrath will depart after six yea...

2 weeks 3 days ago

TOP PERFORMING FUNDS