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FSC
Funds management
The Financial Services Council says the sophisticated investor test needs to be updated to protect consumers....
Financial planning
Wealth Data’s Colin Williams and the Financial Services Council’s CEO Blake Briggs are among industry commentators who have shared their insights into the impact of the H...
Policy & Regulation
With several financial services firms looking to implement AI into their business, the federal government is examining introducing mandatory guardrails to ensure it can b...
Financial planning
The FSC and SIAA have recommended against major changes to the income or product values for the sophisticated investor test, despite a spike in eligible investors, as the...
Financial planning
While the FSC largely supports the final tranche of Delivering Better Financial Outcomes reforms, the FAAA is “deeply concerned” about possible negative implications of t...
Funds management
Removing barriers for fund managers and super funds to transition to modern investment products would result in customers retiring with cumulatively $16 billion more by 2...
Financial planning
The Financial Advice Association Australia and the Financial Services Council have responded to the first consultation on Delivering Better Financial Outcomes, recognisin...
Funds management
Australia’s fund management industry has grown significantly to $4.3 trillion in FUM, however complex regulatory policy prevents the nation from properly competing with i...
Financial planning
Financial Services Council chief executive, Blake Briggs, has shed a light on the need for industry body consolidation and how meaningful engagement between groups has br...
Life/Risk
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....
Financial planning
The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advic...
People & Products
The Financial Services Council has appointed two financial services chief executives to join its board. ...
Policy & Regulation
The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers and Financial Services Council about its review of over 100 TMDs ...
Financial planning
As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their sup...
Financial planning
The Financial Services Council and Council of Australian Life Insurers have welcomed the new Life Insurance Code of Practice, coming into effect 1 July 2023, that will de...
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...