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
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
