|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, July 3rd, 11:29PM



FSC appoints disciplinary committee

The Financial Services Council (FSC) has appointed a disciplinary committee to oversee the application and enforcement of its new code of conduct.

Friday, July 26th 2019, 6:00AM

The code has been in effect since January and the committee's role will be to determine whether a member has breached its standard and identify sanctions appropriate to the potential damage to consumers or the industry.

Chaired by tax barrister Geoff Clews, the committee is made up of independent experts from New Zealand and overseas with expertise in law, financial services, governance and conduct.

Rob Flannagan, chair of the Financial Services Council, said the calibre of the committee reflected the seriousness with which the industry was taking its responsibilities under the code.

“The disciplinary committee is integral to ensuring the code of conduct lives up to its promise and delivers for New Zealanders. I’m delighted that we have managed to secure such a world-class collection of experts to oversee this process.”

Clews said: “It is an honour to chair this committee and to have the opportunity to work with the industry in bringing the code to life and lifting culture and conduct standards across the board.

“My fellow committee members as well as being experts in financial services and law are scrupulously independent of the sector so are well placed to determine appropriate outcomes for any potential breach of the code.”

Chief executive Richard Klipin said: “The confirmation of the disciplinary committee is another important step in our culture and conduct journey and us, as an industry, taking the lead in lifting standards to deliver better outcomes for New Zealanders.

“We want to ensure our members are putting the interests of consumers front and centre and the oversight of the committee will be vital to this. I would like to welcome the committee and thank them for volunteering their time."

Tags: FSC

« Strategi appoints chief executiveMaple-Brown Abbott appoints new lead »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend


Tuesday, July 14th 2020
ICNZ - The Future of Insurance in a Post-COVID World

Thursday, July 30th 2020
ICNZ - The COVID Effect: What the New Financial Landscape Looks Like

Tuesday, August 4th 2020
Core Strand

Thursday, August 6th 2020
Waikato Advisers Coffee Morning

Wednesday, August 12th 2020
OCR & MPS Media conference & live-stream

Tuesday, August 25th 2020
Residential Property Lending Workshop

Wednesday, August 26th 2020
Residential Property Lending Workshop

Thursday, August 27th 2020
ICNZ -The Empowered Consumer

Friday, September 4th 2020
Core Strand

Wednesday, September 23rd 2020
Official Cash Rate announcement


News Bites
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and