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FSC membership grows by 23% - new board appointed

Financial Services Council (FSC) chairperson Rob Flannagan says 2021 was another challenging year navigating a global pandemic but was upbeat at the council's recent AGM saying membership had grown by 23%.

Thursday, November 11th 2021, 11:24AM

“Despite this, the FSC has continued to grow and provide guidance, support and education to members, consumers, government, regulators and the marketplace in general,” he says.

FSC chief executive Richard Klipin says membership grew to 92 members between July 2020 and June 2021, a 23% increase on the year before, after welcoming the health insurance sector to the FSC following the merger with HFANZ at the end of 2020.

“As part of the FSC’s broadening reach, we are now focussed on growing the financial confidence and wellbeing of New Zealanders," he says.

The new FSC board was confirmed at the AGM, welcoming new board member Peter Forster (GM Wealth, BNZ).

The following board members were re-elected: Naomi Ballantyne (MD, Partners Life), Nick Astwick (CEO, Southern Cross), Nick Stanhope (CEO, AIA), Nigel Jackson (Head of Investments, Westpac) and Stewart Taylor (CFO, ANZ).

Continuing board members are: Adam Boyd (Executive General Manager, Wealth and Insurance, ASB), Gail Costa (CEO, Cigna), Grant Willis (Head of Life, Asteron Life), Hugh Stevens (CEO, Smartshares) and James McDonnell (CEO, FNZ).

Leaving the board were Adrian Riminton, Blair Vernon, Charlie Trotter, Cris Knell, Craig Mulholland, Kristy Redfern, Melissa Cantell and Reuben Lawrence.

Tags: FSC Richard Klipin Rob Flannagan

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AIA 5.95 4.85 5.35 5.65
ANZ 5.94 5.95 6.40 6.59
ANZ Blueprint to Build - - - -
ANZ Special - 5.35 5.80 5.99
ASB Bank 5.85 5.35 5.80 5.99
Avanti Finance 5.95 - - -
Basecorp Finance 6.95 - - -
Bluestone 5.89 7.49 8.09 8.19
BNZ - Classic - 5.35 5.69 5.99
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 5.94 5.95 6.29 6.59
BNZ - TotalMoney 5.94 - - -
CFML Loans 6.45 - - -
China Construction Bank 5.50 5.40 6.14 6.40
China Construction Bank Special - 4.45 5.19 5.45
Co-operative Bank - First Home Special - 4.75 - -
Co-operative Bank - Owner Occ 5.85 4.85 5.35 5.65
Co-operative Bank - Standard 5.85 5.35 5.85 6.15
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 ▲5.35 ▲5.85 -
Heartland Bank - Online 4.10 ▲4.90 ▲5.29 ▲5.59
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.10 ▲5.35 ▲5.80 -
HSBC Premier 5.89 4.39 5.15 5.39
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.25 4.39 5.09 5.45
Kainga Ora 5.43 4.57 5.58 5.85
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 5.50 ▲6.19 ▲6.69 ▲6.79
Kiwibank - Offset 5.50 - - -
Kiwibank Special 5.00 ▲5.19 ▲5.69 ▲5.89
Liberty 4.84 - - -
Lender Flt 1yr 2yr 3yr
Nelson Building Society 6.45 5.55 6.15 -
Pepper Money 4.49 - - -
Resimac 6.19 5.60 6.16 6.29
SBS Bank 5.79 ▲5.65 ▲6.09 ▲6.19
SBS Bank Special - ▲5.15 ▲5.59 ▲5.69
Select Home Loans 4.09 4.29 4.86 5.09
TSB Bank ▲6.30 ▲5.65 5.79 ▲6.45
TSB Special ▲5.50 ▲4.85 4.99 ▲5.65
Unity 5.65 4.95 5.55 -
Wairarapa Building Society 5.74 4.95 5.75 -
Westpac 5.94 5.95 6.29 6.59
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.94 - - -
Westpac Special - 5.35 5.69 5.99
Median 5.87 5.35 5.77 5.99

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