FASEA director gets new Govt gig
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.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.