FSC enjoys a solid year of growth despite challenges

The Financial Services Council (FSC) has seen a solid year of member growth and increased revenues, the organisation announced at its 2020 AGM today.

Thursday, October 29th 2020, 12:43PM

Richard Klipin

Rob Flannagan, independent chair, said, “As the extent of Covid-19 started to come to light, I was proud to see the FSC members come together as an essential service and work with government and regulators to support Kiwis.”

Richard Klipin, chief executive officer, said, “It is important to acknowledge how quickly government and regulators reacted to the Covid-19 crisis. For the financial services sector, this included reducing and simplifying processes such as the KiwiSaver hardship withdrawals, and re-prioritising regulatory change due in 2020.”

In 2019/20, FSC’s revenue grew 22%, membership has grown to 80 members and the AGM highlighted some of the many activities of the council, including the 2019 Towards Wellbeing Conference, and the launch of FSC Connect, a series of online events and other resources for FSC members during Covid-19 restrictions.

Tags: FSC

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