The Financial Services Council (FSC) held its 2018 Annual General Meeting (AGM) last week and reported strong growth across its activities.
Rob Flannagan, Chairman of the FSC said, “It has been a very strong year for the FSC with significant growth in all of our core areas of focus. The sector is seeing considerable regulatory, technological and market change and the FSC is working with members to respond and adapt to them over the past year.
“Conduct and culture and ensuring great consumer outcomes is paramount and we have seen some important first steps by the industry, such as tackling soft commissions head-on by stopping incentive conferences and the adoption of the FSC code of conduct.”
The FSC Board was also appointed at the AGM with new FSC member ASB’s Adam Boyd, Executive General Manager, Private Banking, Wealth and Insurance and Craig Mulholland, Managing Director, Wealth at ANZ both appointed as new Board members.
Read the Media Release and Annual Report.