ASIC today announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership.

'ASIC has extensive engagement with participants in the financial advice sector as well as financial advice industry bodies and consumer organisations. We saw benefit in extending our interaction with this sector through the establishment of a committee made up of practising advisers,' said ASIC Deputy Chairman Peter Kell.

The Financial Advisers Consultative Committee (FACC) will supplement ASIC's existing engagement with the financial advice industry by:

• contributing to our understanding  of issues in the financial advice industry, including those directly impacting on practising advisers;
• improving ASIC's  capacity to identify, assess and respond  to emerging  trends in the financial advice industry.

The members of the FACC are practising financial advisers with a range of skills drawn from the following areas:

• investment
• insurance
• superannuation
• self-managed superannuation funds; and
• digital financial advice.

The FACC will provide ASIC with views on a broad range of issues relating to the financial advice industry.

FACC Members

The initial members of the FACC are: Craig Banning, Jennifer Brown, Chris Brycki, Steven Dobson, Mark Everingham, Tony Gillett, Adam Goldstien, Cathryn Gross, Suzanne Haddan and Kevin Smith.

Deputy Chairman Peter Kell said, 'The establishment of this committee is part of ASIC's ongoing commitment to enhancing its engagement with its stakeholders.'