Former Investment and Financial Services Association (IFSA) chief Richard Gilbert has named the Managed Investments Act in a list of his career highlights.
“The Managed Investments Act, getting that through the parliament and watching that provide security for Australian investors was the first and most tangible adversarial thing that IFSA did,” Gilbert said.
“FSR [Financial Services Reform] was a great outcome as well. People criticise FSR but consider it world class and others are still trying to emulate it.”
Gilbert also named the dispute resolution schemes for consumers, international tax reforms and the roll-out of the Lifewise Campaign on his list of career achievements.
In April, Gilbert announced he would retire from his post as chief this month. Former NSW opposition leader John Brogden was named Gilbert’s successor in July.
At the time of his appointment, Brogden said he was looking forward to the task of ensuring the industry achieved better public policy outcomes in areas such as retirement incomes policy, regulation of managed investments and life insurance.
“I also look forward to delivering the reforms that IFSA will be adopting as part of the Superannuation Member Charter, which was released last month,” he said.
Current deputy chief executive John O’Shaughnessy will remain as deputy chief executive.
