Liberals’ insurance man Pearce to step down

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29 June 2009

Liberal Shadow Minister for Financial Services, Superannuation and Corporate Law Chris Pearce has announced he will quit Federal Parliament at the next election.

The experienced Liberal insurance go-to man will conclude his association with the industry when he steps down in 2011.

As a senior Treasury minister in the Howard Government, Mr Pearce had responsibility for the general insurance industry and is recognised as the person who pushed through a range of changes that made the Financial Services Reform Act more palatable.

He has served as the Federal Member for the Melbourne seat of Aston since 2001.

“I have now decided that it is time for me to look to the future and explore new opportunities,” he said. “I hope that in some way through my time in Parliament I have helped to make both my local community and my country a better place.”