FSC release annual report, welcome new board members

The Financial Services Council (FSC) has released its 2023 Annual Report. The FSC has seen an uptick in membership growth in 2023, with 117 organisations that are members as of October 2023, up from 106 in 2022. Members span the gamut from insurers, fund managers, KiwiSaver and workplaces savings schemes, professional service providers and technology providers to the financial services sector. The FSC reported an after-tax surplus of $164,707, down from $354,509 in 2022.

Some of the FSC’s key highlights from the year include:

·         Launched the FSC’s policy platform – the Blueprint for Growth

·         653 delegates attended the FSC Conference

·         Delivered Future Ready Advice Summits in Auckland, Wellington and Christchurch

·         Launched three research papers

·         Held 13 online events

·         Made 17 policy consultations submissions

·         Held 15 Committees and 17 working and focus groups with over 550 attendees from members and special guests

·         More than 100 meetings with Government, Regulators and Inland Revenue

The FSC has announced three new Board members, Anna Scott (CEO of Smartshares), Ana-Marie Lockyer (CEO and Board Director of Pie Funds) and Campbell Mitchell (CEO of Fidelity Life). Current Board Chair Rob Flannagan’s term comes to an end in December.

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