Sally Loane to depart FSC

Financial Services Council (FSC) chief executive Sally Loane has announced that she will leave at the end of the year, with the body currently said to be “undertaking a search” for the CEO role.

Commenting on her departure, Ms Loane said she had been privileged to lead the FSC, which has 111 members across superannuation funds, funds management, life insurance, advice licensees and trustee companies.

“I am proud to have led a team which proactively develops policy reforms to assist our members; reforms which are beneficial for consumers of financial services, and which have helped restore trust in our sector,” she said.

“Some of the more significant challenges have included initiating life insurance’s Trowbridge Review, developing the life Codes, and advocating for a sensible compensation scheme of last resort.”

A key learning that stands out, she said, is how financial independence is a life-changing factor for women.

“As a member of the NSW government’s Council for Women’s Economic Opportunity I have seen close up how important it is to close the gender pay and superannuation gaps, because when women are financially independent, they have choices.”