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Bernie
Ripoll

Former politician and financial services industry adviser, Father of the FoFA

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Profile

Bernie Ripoll in Government served as the Parliamentary Secretary to the Treasurer with responsibility for Financial Services, the Australian Securities and Investments Commission (ASIC), the Australian Bureau of Statistics (ABS) and other agencies in the Treasury portfolio. Bernie was Federal Member for Oxley in Queensland for six terms from 1998 to 2016 replacing Pauline Hanson.

Bernie is an electrician by trade and has a Bachelor of Business degree.

He is a cycling tragic that loves to sail and travel with a passion for cooking for family and friends.

Previous Experience:

Government: In Government, he chaired the Parliamentary Joint Committee on Corporations and Financial Services leading to the delivery of many reforms but it was the report on Future of Financial Advice (FoFA) reforms that to him being referred to as the “father of FoFA”.

Bernie also served as Shadow Minister for Financial Services and Superannuation, and Small Business, and Sport. Bernie represented the Commonwealth at international level as alternate delegate to the Asian Development Bank and led a number of official parliamentary and government delegations.

Corporate: More recently, Bernie was appointed as a non-executive director with Allianz Australia Retire+, the Financial and Energy Exchange Global and is on the panel for the Conexus Financial Superannuation Industry Awards. Bernie also has board and Chair responsibilities with digital advice FinTech MapMyPlan and Biogas energy developer Utilitas Group, serves on the Board of Self-Managed Super Funds Association (SMSFA), is a director with government relations and public affairs firm SAS Group, and his own consulting firm Fresh Advisory with commercial interests focused on the financial services sector.

Expertise
Talking Points

Trust and Leadership

The Hayne Royal Commission and a decade of reviews and misconduct findings in financial services has led to a collapse of trust in institutions like banks and insurance. With more change to come from the Royal commission and likely more reviews to follow then small and large businesses in the sector need to take a fresh look at how they perform and regain trust with consumers, regulators and of course politicians.

What’s Next for Financial Services

The past 20 years has seen a lot of change in technology, regulation and consumer awareness with our national savings pool in superannuation now at $2.8 trillion and growing fast, people need to understand where technology will lead, the impact of those changes for consumers as well as competition and prepare for a very different world of engagement with stakeholders at all levels.
Topics

Business

  • Trust & Ethics

Politics & Advocacy

  • Politicians
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