The status quo is not an option for the life/risk industry, according to new Financial Services Council (FSC) chief executive, Sally Loane.
Making her inaugural address as FSC chief executive today, Loane told a Sydney luncheon that change was an inevitable consequence of the Trowbridge process.
“One thing is certain – the status quo is not an option,” she said in reference to the fact the final Trowbridge report will be delivered before the end of March.
Elsewhere in her speech Loane reinforced the need to “decouple” default superannuation from the industrial judiciary.
She made clear the FSC would continue to prosecute its campaign for all approved MySuper funds to be capable of selection as default funds under modern awards.
