FSC
Financial planning
The Financial Services Council has canvassed the imposition of capital requirements on advice licensees as part of any compensation scheme of last resort at the same time...
Superannuation
The complexity of the superannuation system is a barrier to modernising legacy products, according to the Financial Services Council....
Financial planning
The Government and the industry needs to start counting the cost of the Financial Adviser Standards and Ethics Authority regime implementation in circumstances where no o...
Life/Risk
Breast cancer was the most common life insurance cancer claim, double the rate of prostate cancer which was the second most common, according to data....
Policy & Regulation
The Financial Services Council has recommended the two regulators must collaborate on information, documentation, and data requests and collection....
Policy & Regulation
Accountants, doctors and other should be excluded from the coverage of claims handling as a financial service and insurers should be allowed to continue giving ‘factual s...
Financial planning
The Financial Services Council will treat bushfire victims making claims as vulnerable customers requiring addition support under the FSC Life Insurance Code of Practice....
Financial planning
AMP is partnering with its advisers to offer free financial advice to Australians who suffered loss due to the recent bushfires....
Financial planning
Australians who have lost their life insurance policy details in the bushfires can contact the Financial Services Council for help....
Superannuation
The Financial Services Council has urged caution on the use of the Australian Prudential Regulation Authority’s proposed heatmapping exercises when making comparisons bet...
Superannuation
Financial Services Council chief executive Sally Loane has called on policymakers to implement a ‘default once’ system to help superannuation members maintain a single ac...
Life/Risk
The Financial Services Council has released ground-breaking new data revealing the impact of mental health on TPD claims....
Policy & Regulation
Industry superannuation funds have reinforced the fact that lifting the Superannuation Guarantee to 12% has already been legislated amid suggestions that the Government’s...
Financial planning
Australia’s investment fees and expenses is one of the best in the world, according to a report....
Financial planning
Insurance firms should be prevented from pressuring people to buy products over the phone, according to the Financial Services Council. ...
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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...