Those attending the FSC’s AGM on Tuesday 5 November were told the organisation has enjoyed steady growth during the year, and the financial services sector remained resilient during tough economic times.
FSC CEO Kirk Hope, who took up the role in September, said that during the past 12 months the sector has seen significant milestones such as KiwiSaver funds under management surpassing $100bn and the official cash rate dropping.
However, attendees heard the cost-of-living continues to put pressure on many New Zealanders, with more Kiwis accessing KiwiSaver hardship withdrawals and FSC research showing sacrifices in long-term savings to meet short-term financial commitments.
“As the voice of the sector with the vision to grow the financial confidence and wellbeing of New Zealanders, the FSC continues building our policy and advocacy arm to deliver better financial outcomes and build resilience for all New Zealanders,” said Hope.
“With the financial services sector facing rising pressures from the cost-of-living crisis and evolving regulatory priorities, the need for a united industry to drive meaningful change has never been greater.”
The full FSC 2024 annual report is at the bottom of this page.
Members of the 2025 FSC Board are:
- Rob Flannagan – Chair
- Nigel Jackson (BT Funds Management (NZ) Limited) – Deputy Chair
- Adam Boyd (ASB)
- Ana-Marie Lockyer (Pie Funds)
- Anna Scott (Smart)
- Campbell Mitchell (Fidelity Life)
- Fiona Mackenzie (ANZ Funds Management)
- Gail Costa (Chubb Life)
- Grant Willis (Asteron Life)
- James McDonnell (FNZ)
- Michael Weston (Partners Life)
- Nick Astwick (Southern Cross Health Society)
- Nick Stanhope (AIA NZ)