FSC reveals new board, past year’s achievements at annual meeting

FSC reveals new board, past year's achievements at annual meeting

The Financial Services Council (FSC) has announced the new composition of its board and highlighted its accomplishments over the past year during its 2022 annual general meeting on Wednesday.

The industry body appointed Melissa Cantell (Fidelity Life) as a new board member and re-elected the following board members: Adam Boyd (ASB), Gail Costa (Cigna), Fiona Mackenzie (ANZ Funds Management), James McDonnell (FNZ), Hugh Stevens (Smartshares), and Grant Willis (Asteron Life).

The FSC’s continuing board members are Nick Astwick (Southern Cross Health Society), Naomi Ballantyne (Partners Life), Peter Forster (BNZ), Nigel Jackson (BT Funds Management (NZ) Limited), and Nick Stanhope (AIA NZ).

“I welcome back our new board member Melissa Cantell and thank our exiting board members, Reuben Lawrence and Stewart Taylor, for their commitment to helping us grow the financial confidence and wellbeing of New Zealanders over the past year,” said Rob Flannagan, FSC independent chair. “I’d also like to thank the board along with all of our members and the FSC team for delivering exceptional results and for their dedication and leadership that is continuing to help fulfil our vision to grow the financial confidence and wellbeing of New Zealanders.”

After a couple of additions earlier this year, the FSC now consists of 106 members. Combined, the FSC’s members helped New Zealanders manage over $84 billion of KiwiSaver assets, provided health cover for 1.18 million individuals, and paid out over $1.21 billion in life insurance claims. 

Over the past year, the FSC conducted numerous activities, including:

The flagship Regenerations conference, with 4,324 attendees 
Seven pieces of research, including the 2022 Financial Resilience Index
The It Starts With Action campaign, which engaged over 100 supporters to grow the financial confidence and wellbeing of women
New online data dashboards for life insurance, health insurance and KiwiSaver
Twenty-nine online events
Three CEO roundtables
Fourteen submissions on policy consultations
Over 100 meetings with government, regulators and Inland Revenue
Launch of new FSC website, consumer brand, members area and CRM system
Digital and in-person Future Ready Advice Summits

“The achievements of our members and financial services sector over the past year demonstrates incredible resilience through challenging times,” said FSC chief executive Richard Klipin. “It also demonstrates the power of collaboration and leadership.”