FINANCIAL SERVICES COUNCIL
Superannuation
The Productivity Commission has signalled it won’t be traversing the default funds issue in its review of the Australian Workplace Relations Framework....
Superannuation
The domination of industry super funds in the modern award system has left virtually no market for higher performing, lower fee funds, according to the Financial Services...
Financial planning
The FSC has told a Parliamentary Committee that ASIC needs to get more proactive in pursuing enforcement when planning breaches occur....
Editorial
The financial planning industry was simply outcampaigned on FOFA and must now look to play a longer and more strategic game....
Financial planning
The FSI final report recommendations has singled out life/risk commissions for particular attention, urging a level commissions approach....
Superannuation
The increase in the cap for concessional contributions has led to the fastest growth in seven years for discretionary contributions while compulsory contributions have pl...
Financial planning
Financial services companies that adopt and use financial technology (fintech) are most likely to succeed while the sector undergoes disruption and change according to AW...
Financial planning
The financial services industry has broadly welcomed the positives in the FSI final report....
Financial planning
FSI urges opening up default funds to competition along with removing the barriers to post-retirement product development...
Financial planning
ASIC has vehemently denied being swayed by lobbying groups to suspend its adviser competency push. ...
Superannuation
ISA claimed industry super funds have outperformed their bank-owned counterparts when it comes to median returns, after APRA released Quarterly MySuper Statistics....
Policy & Regulation
The back and forth nature of the Future of Financial Advice (FOFA) amendments are likely to cause consumers to put off seeking financial planning advice costing them abou...
Financial planning
Industry organisations have applauded parliament’s restoration of the grandfathering provision in the latest round of the FOFA reforms, claiming it overturned a rule that...
Policy & Regulation
Fewer Australians will be able to afford to obtain financial advice following the Senate’s decision to disallow the Government Future of Financial Advice regulations, the...
Financial planning
New research suggests SMSF advice is a prime area for consolidation....
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...