FSC joins coalition to boost financial services


The Financial Services Council has joined a new coalition of industry groups to promote financial services and employment across the sector in a bid to transition away from the mining boom.
The FSC is one of the founding members of the Future Economy Forum, which includes industry groups from sectors such as tourism, agribusiness, international education and information technology.
FSC chief executive, Sally Loane, said: "As we transition from a mining economy to a services economy, our message to the Prime Minister and other political leaders is that we have the skills, expertise and flexibility to build stronger and more innovative industries and create thousands of new jobs in our transforming economy".
The Forum was created to work with government to create employment opportunities in the sectors in the future, and it has urged the Federal Government to develop a future economy strategy for reform to support growing industries like financial services.
It aims to focus on six main policy issues: taxation, workforce, infrastructure, innovation, sustainability and trade.
Other groups in the coalition include the Tourism and Transport Forum Australia (TTF), the National Farmers Federation (NFF), the International Education Association of Australia (IEAA), and the Australian Services Roundtable (ASR).
Recommended for you
ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements.
Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission.
National licensee Capstone Financial Planning has welcomed an executive manager for growth and development, while wealth manager Cameron Harrison has brought a new chair on board.
With the Selfwealth acquisition under its belt, APAC investment platform Syfe has shared how it is investing in a hybrid financial advice model to target mass affluent Australians.