FINANCIAL SERVICES COUNCIL

Editorial

The financial services regulators have sent a clear message to the life/risk industry about its past mistakes. ...

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Financial planning

Life/risk advisers are bracing themselves for ASIC to issue a tough analysis of churn and lapse rates....

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Superannuation

FSC chief executive, John Brogden, has accused critics of the Australian superannuation system, including the Financial Systems Inquiry, of using badly outdated data....

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Financial planning

The FWC expert panel has been challenged to give thorough reasoning for its default fund choices if the process goes ahead, with fears funds could be selected haphazardly...

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Financial planning

The FSC has committed to pursuing the development of a national retirement income policy....

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Life/Risk

The disability insurance dilemma has been wrongly excluded from a series of financial services inquiries, placing the onus on industry to work together to resolve the raf...

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Policy & Regulation

The ALP will not be forgetting FOFA and will look to reimplement its model when it returns to government....

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Life/Risk

Both APRA and ASIC express concerns at failure to learn lessons in life/risk sector....

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Financial planning

The FSC is pressing the Goverment to form a financial services export coordination body....

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Superannuation

One of Australia’s regulators fears self-managed super funds could expose investors to inappropriate borrowing strategies, but doesn’t see a role for itself in guarding t...

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Financial planning

The Senate inquiry of ASIC into its handling of the Commonwealth Bank is so negative it has tarnished trust in advisers, according to John Brogden....

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Financial planning

New research suggests the regulatory demands confronting financial services companies are distracting them from technological innovation....

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Superannuation

The FSC and industry funds are again at loggerheads over how default superannuation funds should be selected....

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Superannuation

The FSC has hit back at ISA claims about banks offering incentives for default fund selection....

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Superannuation

The FWC’s default superannuation fund selection process would cost fund members $400 million in unnecessary duplication, according to research commissioned by the FSC....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

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. ...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 days 23 hours ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

5 days 2 hours ago