By John Brogden, Trustee Director of CFS

Welcome to Issue 69 of the FSC Policy Update. 2023 will be a significant year for the financial services industry, with the new Government finding its feet and likely progressing a significant reform agenda across financial services.  

The FSC recently published its submission to the Quality of Advice Review that importantly included a response to Treasury’s evaluation of the Life Insurance Framework (LIF).

The FSC continues work on updating the FSC investment management agreement (IMA).

With growing funds under management in ESG themed investment products, ASIC undertook a thematic review into greenwashing, looking into the disclosures of selected managed funds and superannuation funds.

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.