LCCC names new chair

LCCC AFCA FSC Sally Loane david locke

8 June 2021
| By Chris Dastoor |
image
image
expand image

The Financial Services Council (FSC) and the Australian Financial Complaints Authority (AFCA) have jointly appointed Jan McClelland as chair of the Life Code Compliance Committee (LCCC).

Jan McClelland was currently the deputy chancellor of the University of New England, chair of the Gateway Network Governance Body, and a member of the advisory board of the NSW Circular Economy Innovation Network.

She had extensive experience in industry codes of practice, and served on audit and risk committees in the legal, health and local government sectors.

Established in 2017, the LCCC was the independent body responsible for overseeing compliance with the FSC Life Insurance Code of Practice.

AFCA provided the secretariat services for the LCCC, which was comprised of a representative from industry, a consumer representative and an independent chair.

McClelland would take over the LCCC chair responsibilities from Anne Brown, who completed her three-year appointment earlier this year.

David Locke, AFCA chief executive, said McClelland would bring deep and diverse experience to leadership of the committee.

“The LCCC has an important role in monitoring the effectiveness of the Life Code and therefore supporting good industry practice,” Locke said.

Sally Loane, FSC chief executive, said: “I am pleased to welcome Ms McClelland to the LCCC and look forward to working closely with her in ensuring the Life Insurance Code of Practice delivers for Australian consumers. I would also like to thank Anne Brown for her contribution to the committee during her time as chair”.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 22 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 1 hour ago