The Life Code Compliance Committee (LCCC), the body set up to administer the FSC’s Life Insurance Code of Practice, will be chaired by former ASX chief risk officer Anne Brown.
Ms Brown, who was jointly appointed to the position by the FSC and the Financial Ombudsman Service (FOS), replaced Professor David Weisbrot who stepped down in November.
She is currently a non-executive director of the Clean Energy Regulator and is a member of ASIC’s Markets Disciplinary Panel.
The LCCC, which is administered by FOS, is made of of a chair, a consumer representative (Financial Rights Legal Centre principal Alexandra Kelly) and an industry representative (David Goodsall).
Commenting on the appointment, FSC chief executive Sally Loane said, “I am pleased to welcome Anne to the LCCC and look forward to working closely with her in ensuring the Life Insurance Code of Practice delivers for Australian consumers. I also wish to thank Professor Weisbrot for his contribution to the committee during his time as chair.”
For her part, Ms Brown said, “I am delighted to take on this important role. With my committee colleagues I look forward to working with industry, regulatory and consumer stakeholders to embed, uphold and enhance the high standards enshrined in the FSC Life Insurance Code of Practice.”
