One of the most influential consumer representatives on the board of the Financial Adviser Standards and Ethics Authority (FASEA), Catriona Lowe, has picked up another Government appointment, this time the board of the Australian Energy Regulator.
Lowe, who has held roles at the Consumer Action Law Centre, was named as having been appointed to the Australian Energy Regulator by the Minister for Energy and Emissions Reductions, Angus Taylor alongside the economist, Eric Groom and lawyer Justin Oliver.
Lowe will be a fulltime member of the AER, raising questions about her continued involvement with the board of FASEA.
The minister said the appointments to the AER were for a five-year period commencing in February.
A recent survey conducted by Money Management revealed financial advisers had significantly low levels of confidence in the FASEA board, with more than 90% believing ministerial intervention was warranted.