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FSC
Financial planning
The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....
People & Products
Three new faces have joined the Financial Services Council board, at the same time as long-serving deputy chair Brad Cooper makes way for David Bryant to take up the role...
Policy & Regulation
The financial services industry has delivered the Budget a muted response in circumstances where the Treasurer, Josh Frydenberg, had announced most of the Government’s fi...
Policy & Regulation
The Financial Services Council has urged the Federal Government to use the Budget to emulate the superannuation industry on the rationalisation of legacy products....
Policy & Regulation
The Financial Services Council has received a clear message from the Government that it needs to make its Life Insurance Code of Conduct enforceable....
Superannuation
The Australian Prudential Regulation Authority has warned of margin compression resulting from insurance in superannuation changes....
Policy & Regulation
The Financial Services Council has called on the Government to finally act on tax relief allowing consumers to be rolled out of legacy financial products....
Superannuation
The Financial Services Council has welcomed the Senate’s passage of superannuation bills which will reduce fees charged on low balance MySuper accounts....
Financial planning
Legislation to implement the recommendations of the Banking Royal Commission should be treated with diligence and rigor, according to Financial Services Council chief exe...
Financial planning
The Financial Services Council has welcomed the release of the Royal Commission’s final report and acknowledges it’s time to get on with the task of strengthening Austral...
Life/Risk
The Australian Lawyers Alliance has taken issue with the Financial Services Council’s new life insurance code of conduct arguing that is neither fully enforceable nor tak...
Life/Risk
Just over 60 per cent of Australians are against subsidising life insurance premiums for people who are at higher risk of future illness based on adverse genetic test res...
Policy & Regulation
The Australian Labor Party’s policy to remove refundable franking credits would not just hit superannuation funds but also many managed funds with high Australian equitie...
Life/Risk
Life risk industry veteran, Michael Molesworth, has warned that underwriters and claims assessors need to be subject to more stringent education requirements or risk comm...
Financial planning
The FSC said it has begun consulting with its members on the FASEA Standards Blueprint and the two draft legislative instruments....
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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...