Industry Insights
Op-Ed - Financial services industry calls for economic growth agenda
By Blake Briggs, CEO of the FSC The Australian economy is in a malaise, with Gross Domestic Product (GDP) slowing over the course of 2024 and, outside the COVID-19 economic shock, now recording the weakest rate of GDP growth in a generation.
Government responds to the Quality of Financial Advice Review
The Financial Services Council has welcomed the Government’s response to the Quality of Advice Review and its commitment to remove costly red tape imposed on financial advisers this year.
Measure super’s success against retirement incomes, not the size of the pool
By Blake Briggs, CEO of the FSC The success of Australia’s superannuation system is too often measured by its rapid growth to $3.4 trillion in savings, not by its actual objective, which is to provide income for Australians in retirement.
Better financial advice can benefit all Australians
By Blake Briggs, CEO of the FSC Financial advice delivers a direct, tangible benefit to consumers, and the failure of the current regulatory framework to deliver affordable advice on the topics consumers need is causing financial harm to millions of Australians.
Time is now for meaningful advice reform
By John Brogden, Trustee Director of CFS One of the great errors we make in life is overcompensating for our last mistake. When last in government, the ALP legislated the Future of Financial Advice (FoFA) reforms. These important reforms were in response to an industry that had failed to evolve into a profession and in which too many had forgotten to place the interests of their clients above their own.
Policy and Advocacy update - July 2022
Next month, the new Government will have just ticked over their first 100 days. Early signs, including regular engagement in Canberra by the FSC, indicate the new Government is focused on implementing election commitments.