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FSC
Policy & Regulation
Organisations have welcomed the introduction of legislation for the Compensation Scheme of Last Resort but raised questions why managed investment schemes were excluded....
Financial planning
The Financial Services Council has set out guidance for fund managers to ensure they are acting on climate change risk and providing accurate information to consumers and...
People & Products
The Financial Services Council has announced the appointment of Renato Mota, chief executive of Insignia Financial and Alison Telfer, country head for asset management Au...
Financial planning
The Financial Services Council has developed a ‘proposed personal advice framework’ where all advice is termed ‘personal advice’, Letters of Advice are introduced and the...
Life/Risk
The Australian life insurance industry has announced the formation of a dedicated life insurance industry peak body that will launch later this year....
Life/Risk
The Financial Services Council has issued a new Life Insurance Code of Practice for life insurers, introducing 50 additional consumer protections....
Financial planning
Superannuation should not be used as a “piggy bank” to solve the housing crisis, industry experts believe, as the Coalition announces plans to let first-home buyers acces...
Editorial
As the industry changes come to an end, have they had the desired effect of making the financial advice industry a ‘profession’?...
People & Products
Former Financial Services Council chief executive, Sally Loane, has joined the advisory board of corporate advisory consultancy Orizontas....
Financial planning
Advice should be treated with the respect given to doctors or lawyers as the industry has successfully improved itself to become a profession, according to Financial Serv...
Financial planning
The Financial Services Council has promoted Blake Briggs to chief executive, following his three months spent leading the council in an acting capacity. ...
Financial planning
Industry associations have welcomed the Federal Budget for providing stability by leaving superannuation unchanged but believe mums will be left behind....
Financial planning
Moving to Letters of Advice, abolishing safe harbour steps to comply with best interest duty and indexing the wholesale assets test are among proposals made by the Financ...
Superannuation
Labor would not make any “wholesale changes” to Your Future, Your Super reforms but has instead committed to tweaking aspects of it in response to emergent challenges tha...
Life/Risk
The Financial Services Council has urged Australians who have lost their life insurance policies due to recent flooding to utilise the FSC’s services to help them find ou...
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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...