Welcome to Issue 86 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. Read more

The Financial Services Council (FSC) welcomes the Government’s consultations related to Best Practice Principles for Retirement and the Reporting Framework for Retirement Data. The two consultations are an important step forward in improving retirement outcomes for Australians, but the FSC urges the Government to ensure that individual outcomes remain the focus of national retirement policy. Read more

By the FSC Advice Team The Financial Services Council’s Shaping Advice in a Time of Change was a sell-out event, drawing 275 attendees from across the financial advice ecosystem in Sydney on 30 July. Read more

The Financial Services Council (FSC) welcomes the careful and consultative approach the Assistant Treasurer Dr Daniel Mulino has taken with the Treasury consultation released today in considering how to exercise his discretion to impose a special levy to meet the significant funding shortfall in the costs of the Compensation Scheme of Last Resort (CSLR).  Read more

The Financial Services Council (FSC) today releases a Green Paper examining the case for reforming Australia’s financial advice licensing framework to better protect consumers, support a diverse and professional advice sector, and ensure the regulatory model remains fit for purpose in a changing environment. Read more

The Financial Services Council (FSC) has released new data that shows the full impact of the proposed superannuation tax on different age cohorts of Australians under four different scenarios. Read more