FSC

Financial planning

The Australian government needs to remove excessive taxes that penalise investors in financial services, according to the Financial Services Council. ...

Life/Risk

The life insurance industry’s own Life Code Compliance Committee has slammed the insurers for being so inconsistent that the committee has been unable to deliver meaningf...

Life/Risk

New data analysed by KPMG has confirmed insurers have paid out double the number of disability claims for policies sold through financial advisers....

Financial planning

Research from the Financial Services Council shows 70% of New Zealanders are unprepared for retirement and there was a strong link to money and well-being. ...

Financial planning

Australian superannuation funds may be talking the talk on ESG but a new study suggests they are not always walking the walk in using their voting power....

Superannuation

The Financial Services Council has welcomed the new legislation but is disappointed the laws also create unnecessary tax compliance burden on Australia’s managed funds....

Policy & Regulation

NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is t...

Life/Risk

The Financial Services Council has issued an undertaking on behalf of the major life insurers covering the rights of frontline health and other workers in the face of COV...

Superannuation

There was no consultation with major superannuation fund organisations about the Government’s plan to allow people early access to their superannuation, prompting funds t...

Superannuation

The Government’s income support package to help Australians in financial hardship brought by COVID-19 has been welcomed by the FSC that stressed that super should not be ...

Life/Risk

Plaintiff law firm Maurice Blackburn says the major life insurers have been shown to have been persistently ignoring their own code of conduct by a report from the Life C...

Financial planning

The Financial Services Council has backed MySuper members having access to once-off financial advice, rather than ongoing advice with ongoing fees....

Policy & Regulation

Superannuation fund trustees will not be able to resort to members’ funds held in trust to pay civil penalties arising from the new Financial Accountability Regime....

Policy & Regulation

Experience in the United Kingdom suggests it may be a lot more expensive to recruit and retain senior executives under the Government’s proposed new Financial Accountabil...

Policy & Regulation

The Federal Treasurer, Josh Frydenberg has stopped short of restating the Government’s promise to increase the superannuation guarantee, preferring to say that it has no ...

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 2 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 3 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

1 week 2 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week ago
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