FSC

Life/Risk

The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....

Financial planning

The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advic...

People & Products

The Financial Services Council has appointed two financial services chief executives to join its board. ...

Policy & Regulation

The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers and Financial Services Council about its review of over 100 TMDs ...

Financial planning

As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their sup...

Financial planning

The Financial Services Council and Council of Australian Life Insurers have welcomed the new Life Insurance Code of Practice, coming into effect 1 July 2023, that will de...

Financial planning

According to advisers, the decision to streamline ongoing document requirements following the Quality of Advice Review will alleviate much of the red tape involved in the...

Financial planning

The government has announced it will adopt the bulk of Quality of Advice Review recommendations, which has been largely welcomed by industry bodies....

Funds management

The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...

People & Products

Kelly Power, chief executive of Colonial First State Superannuation, has been appointed to the Financial Services Council board....

Financial planning

Minister for financial services, Stephen Jones, has blamed the federal budget for the delays to the Quality of Advice Review but said he is expectant of a position by Jun...

Financial planning

The Financial Services Council and Financial Advice Association Australia have welcomed the 2023 budget from Treasurer Jim Chalmers but feel there is a lack of informatio...

Superannuation

Indexing the $3 million threshold and using actual earnings to calculate tax are among suggestions from associations to the Treasury super concession consultation, descri...

Policy & Regulation

The Albanese government’s proposed changes to super tax breaks risks unintentionally burdening half a million Australians, according to a new analysis from a peak industr...

People & Products

The Council of Australian Life Insurers had completed its board make-up with nine representatives from the industry including seven chief executives....

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Never miss the latest news and developments in wealth management industry

Chris Cornish

If an adult signs a form stipulating a payment to occur, that should be the end of the matter - no need for the governme...

24 minutes 47 seconds ago
PETER JOHNSTON- AIOFP

Commissioner Hayne recommended Consent Forms to stop Bank Executives [not Advisers] illegally taking fees out of consume...

43 minutes 59 seconds ago
Chris Cornish

If a member is in pension phase they should have full access to their funds. Ergo, if they sign a withdrawal form every ...

49 minutes 11 seconds ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months ago