FSU Better Banking Charter garners support from election candidates
The Finance Sector Union (FSU) has gained traction for its Better Banking Charter using the election campaign.
The charter has called for an end to the off-shoring of jobs, limitations on performance-based sales targets and better disclosure and a demonstration of the link between fees and the provision of customer service.
At the time of publishing, nearly 30 election candidates, a number of who are currently Federal Members of Parliament, had supported the charter.
“It’s good to see the leaders of our political parties switching their attention to the economy and jobs in this week of the Federal Election campaign,” said FSU national secretary, Leon Carter. “And it’s great to see that candidates in the forthcoming election are interested in FSU’s Better Banking charter, and are prepared to pledge their support for it.”
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.