Stephen Flegg has been awarded the 2014 FSC and Deloitte Future Leader Award for his “insightful analysis” and recommendations into changes the financial services industry should undertake.
“Stephen presented a framework, to a panel of Australia’s industry leaders, to answer one of the nation’s most worrying issues – having enough protected funds to live out our retirement adequately,” Deloitte Wealth Management leader Neil Brown said.
“He considered the growing gap between life expectancy and the eligible age for the age pension, proposing that [the FSI] recommend moving pension age eligibility to between 70 and 75, leaving the superannuation preservation age at 60, and separating both from the political process,” he said.
“He also looked at gender and employment differences, proposed multi-year concessional caps, and highlighted the $18 billion worth of ‘lost’ super in Australia,” Mr Brown said.
FSC chief executive John Brogden pointed out runners up Natalie Binns, a product manager in group insurance at Suncorp Life and Martin Foo a policy analyst at the Treasury both presented “very innovative ideas”.
“The calibre of our finalists’ thinking was first class and for the first time this year in the program’s ninth year – they were put on the spot to actually pitch their thinking to the judging panel,” Mr Brown said. |
“The thinking and innovation from our next generation of leaders, combined with the experience and wisdom of our senior executives and mentors, are essential for the future of financial services in Australia,” he said.
