FSC

Superannuation

The default funds regime is paternalistic industrial legacy which is denying two million people a choice due to legacy enterprise agreements, according to the Financial S...

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Policy & Regulation

The Minister for Revenue and Financial Services, Kelly O’Dwyer has announced the start of a process towards a single financial services external dispute resolution body....

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Editorial

The Federal Opposition will be on the right track in pursuing a review of the financial services regulatory settings, but only if it aims to identify the failings while f...

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Superannuation

The FSC has suggested removing the ‘default’ super option to give employees greater opportunity to choose their own default super funds....

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Life/Risk

The Life Insurance Code of Practice regime started on 1 July and has included new minimum medical definitions....

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Superannuation

The First Home Super Savers Scheme will prompt engagement and increase salary sacrifice contributions, the FSC believes....

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Financial planning

The Financial Services Council has declared its members do not believe they should be made to pay for the financial planning mistakes of other businesses....

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Policy & Regulation

The Financial Services Council has confirmed it is no longer seeking changes to the FOFA regime and that includes opt-in, product disclosure statement and best interests....

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Superannuation

The Financial Services Council is willing to have the book thrown at its members if they are ever found to have offered inducements to business clients to move to bank-o...

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Life/Risk

ClearView has launched an attack on the FSC over its life insurance APL draft standard, arguing it does not tackle conflicts of interests and proves the industry cannot s...

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Features

John Berrill looks at the changes the ISWG have put forward to shake up the life insurance industry....

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Life/Risk

The FSC has released a draft standard paper for consultation, which proposes that life insurance APLs must have compulsory provider and product choice....

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Life/Risk

An additional layer of assistance to help consumers make a claim would add more confusion and would be seen as a way to discourage consumers from making a claim, a panel ...

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Life/Risk

ASIC would review issues in the life insurance industry with a culture lens, ASIC told an FSC conference panel....

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Financial planning

Five awards have been presented to talent in Australia’s life insurance industry at a gala dinner held in Sydney last night as part of the Financial Services Council Life...

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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 14 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