Data released today by the Financial Services Council (FSC) shows Australians choosing to switch to a superannuation platform from a default superannuation fund are typically older investors with higher balances, who have received professional financial advice, disproving recent claims made by the Super Members Council (SMC).

The Financial Services Council (FSC) welcomes the Government’s much anticipated consultation on implementing reforms to the education requirements for professional financial advisers, announced today by the Assistant Treasurer and Minister for Financial Services, Dr Daniel Mulino.

Welcome to Issue 89 of the FSC Policy Update. This article outlines legislative and regulatory developments in the superannuation, investments, financial advice, tax, technology and innovation sectors, plus more. Learn about what’s impacting the financial services industry.

The Financial Services Council (FSC) welcomes the Government’s release of the voluntary retirement Best Practice Principles (the Principles), reinforcing that superannuation funds must actively engage members approaching and in retirement and that “a one-size-fits-all approach will not work”.

Welcome to Issue 88 of the FSC Policy Update. This article outlines legislative and regulatory developments in the superannuation, investments, financial advice, tax, technology and innovation sectors, plus more. Learn about what’s impacting the financial services industry.

The Financial Services Council (FSC) welcomes ASIC’s consultation on the treatment of stamp duty under Regulatory Guide 97, (RG 97) disclosing fees and costs in PDSs and periodic statements.