FSC

Superannuation

The Financial Services Council has found that ordinary Australians who are members of large super funds are the biggest group benefiting from franking credit refunds, adv...

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Superannuation

The Financial Services Council has used Productivity Commission analysis and data to suggest that there is a very significant underperformance problem for not-for-profit ...

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Financial planning

Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsibl...

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Life/Risk

The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....

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Financial planning

The Financial Services Council has told the Royal Commission that advisers undertake a significant amount of work for clients, justifying their commission payments....

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Life/Risk

The Financial Services Council has announced that it will place a moratorium on genetic tests for life insurance from July 2019....

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People & Products

The Financial Services Council has announced the appointment of Bryce Doherty and Ben Walsh to its board....

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Life/Risk

Plaintiff law firm, Maurice Blackburn has labelled the Financial Services Council’s failed bid to have life/risk insurers allowed involvement in worker rehabilitation as ...

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Life/Risk

The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow life/risk insurers to participate in getting injured worker...

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Funds management

Australian and Japanese asset managers, distributors and regulators have expressed their support for the Asia Funds Region Funds Passport....

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Policy & Regulation

The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...

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Life/Risk

The Royal Commission has raised the issue of the enforceability of the life insurance code of practice, with the Financial Services Council facing tough questions on whet...

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Life/Risk

Financial Services Council chief executive, Sally Loane, has admitted to the Royal Commission that insurers effectively pay for their products to be sold by advisers....

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Life/Risk

Financial Services Council chief executive Sally Loane has told the Royal Commission that direct sales of life policies via outbound “cold calls” is viewed as unlawful by...

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Superannuation

The Federal Opposition has earned the widespread backing of the financial services industry for its proposed changes to superannuation policy aimed at improving women’s r...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months ago

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

4 months 1 week ago

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

6 months 1 week 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. ...

2 days 9 hours ago

Prime Minister Anthony Albanese has confirmed who will succeed Stephen Jones to serve as the Assistant Treasurer and Financial Services Minister. ...

3 weeks 5 days ago

The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016....

3 weeks 4 days ago