LCCC names new chair

8 June 2021
| By Chris Dastoor |
image
image
expand image

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”. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

19 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

20 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

21 hours ago