New CEO councils at the FSC

The Financial Services Council continues to strengthen its board with two new councils made up of CEOs in the KiwiSaver and investment space, and the insurance sectors.

FSC CEO Richard Klipin, told Good Returns “The FSC … has established two new CEO level forums. One representing the KiwiSaver and investment marketplace, the representatives and the participants in that are all of the CEOs of our KiwiSaver and investment members.”

The FSC KiwiSaver and investment forum is co-chaired by Smartshares chief, Hugh Stevens, and Westpac acting head of investments and insurance, Nigel Jackson.

Klipin says “The aims of that group are to help drive the FSC strategy in the KiwiSaver and investment market, which includes engaging with the regulator, focusing on research, helping New Zealanders invest better.

“High level conversation with leaders around the sector means we can start to drive effective change.”

The FSC investment-leaning group has met three times since forming earlier this year. In addition to the major NZ banks its members include: AMP, Mercer, Generate, Milford and Smartshares.

The second forum – representing the insurance sector – is co-chaired by AIA chief Nick Stanhope and Partner’s Life managing director Naomi Ballantyne.

Klipin says that the two groups are a “powerful way for the sector to focus on all of the ways that New Zealanders can better manage and protect their wealth”.