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6. Advice Board Committee

Mandate

This Committee has responsibility for the development of the Financial Services Council's strategies and policies in relation to financial advice and Financial Advisory Networks (FANs).

The Committee’s objectives are to:

• enhance the operation of the financial services regulatory regime to ensure that FANs are able to provide affordable quality advice;
• demonstrate the value of advice and FANs;
• promote sound quality assurance and governance practices in the financial advice industry; and
• maintain and increase consumer confidence in FANs and financial advice.

The Committee also has oversight of the Financial Services Council's relationship with relevant regulators and government departments that have responsibility for financial advice and FANs, including: the Australian Securities and Investments Commission (ASIC) and the Department of Treasury.

Co-Chairs

The Committee comprises two members of the FSC's Board:

1. FSC Director, Kathy Vincent, Managing Director, BT Platforms, Investments & Operations, BT Financial Group
2. FSC Director, Sean West, Executive Director, Head of Wealth Management, Macquarie Banking and Financial Services Group

FSC Contact

For more information please contact;

Advice Board Committee

Advice Board Committee meeting dates for 2021

All meetings will be held by videoconference from FSC offices.