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FINANCIAL SERVICES COUNCIL
Life/Risk
The Royal Commission has raised the issue of the enforceability of the life insurance code of practice, with the Financial Services Council facing tough questions on whet...
Life/Risk
Financial Services Council chief executive, Sally Loane, has admitted to the Royal Commission that insurers effectively pay for their products to be sold by advisers....
Superannuation
The Federal Opposition has earned the widespread backing of the financial services industry for its proposed changes to superannuation policy aimed at improving women’s r...
People & Products
The Financial Services Council (FSC) has announced two new board appointments, with Brian Benari becoming co-deputy chairperson and Marianne Perkovic taking up a director...
Policy & Regulation
Insurers and other members of the Financial Services Council might have to train thousands of managers and supervisors if the Government widens the scope of those eligibl...
Life/Risk
The Financial Services Council has confirmed to a Parliamentary Committee that it wants life insurers to have the right to unilaterally amend policies provided it does no...
Policy & Regulation
The Australian Securities and Investments Commission’s recent report into vertically integrated institutions and conflicts of interests shows that consumer and regulator ...
Life/Risk
AIA has urged the Government to consider legislative change that would allow life insurance companies to provide early rehabilitation and medical expenses....
Policy & Regulation
The Financial Services Council has argued the life insurance industry does not deserve to be subject to an extension of the Unfair Contracts legislation....
Superannuation
Subscale super funds make up 30 per cent of modern award listings and the weakest performing fund returned 2.7 per cent over 10 years, according to the FSC....
Policy & Regulation
Financial Services Council chief executive, Sally Loane says that after 15 years of inaction it is time for the Government to clear the way for the rationalisation of leg...
Financial planning
Advisers and adviser associations agreed to life insurance framework reforms under duress, while the reforms failed to address insurers’ commercial imperatives, the LICG ...
Financial planning
The FSC has declared it will research whether FOFA actually delivered on making advice more accessible and affordable....
Superannuation
ISA claims proposed changes to superannuation fund governance will create regulatory over-reach while the FSC calls the move good for the whole superannuation sector....
Superannuation
The ISA has renewed claims that planners are extracting commissions of as much as $2.6 billion a year as part of its defence of default super arrangements. ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...