POWERED BY MOMENTUM MEDIA
LCCC names new chair
The Financial Services Council (FSC) and the Australian Financial Complaints Authority (AFCA) have jointly appointed Jan McClelland as chair of the Life Code Compliance Committee (LCCC).
Jan McClelland was currently the deputy chancellor of the University of New England, chair of the Gateway Network Governance Body, and a member of the advisory board of the NSW Circular Economy Innovation Network.
She had extensive experience in industry codes of practice, and served on audit and risk committees in the legal, health and local government sectors.
Established in 2017, the LCCC was the independent body responsible for overseeing compliance with the FSC Life Insurance Code of Practice.
AFCA provided the secretariat services for the LCCC, which was comprised of a representative from industry, a consumer representative and an independent chair.
McClelland would take over the LCCC chair responsibilities from Anne Brown, who completed her three-year appointment earlier this year.
David Locke, AFCA chief executive, said McClelland would bring deep and diverse experience to leadership of the committee.
“The LCCC has an important role in monitoring the effectiveness of the Life Code and therefore supporting good industry practice,” Locke said.
Sally Loane, FSC chief executive, said: “I am pleased to welcome Ms McClelland to the LCCC and look forward to working closely with her in ensuring the Life Insurance Code of Practice delivers for Australian consumers. I would also like to thank Anne Brown for her contribution to the committee during her time as chair”.
Recommended for you
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
The $100 billion fund has appointed a new deputy CIO from within.
The $149 billion fund has named new directors following the departure of three outgoing board members.
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
