Industry Insights
Op-Ed - Big boost awaiting super
By Blake Briggs, CEO of the FSC Australians would collectively benefit from $16bn more in retirement savings and $22bn in additional retirement income by 2050 if the government removed barriers that prevent superannuation funds and fund managers from transferring consumers to innovative, new investment products.
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.
Key superannuation policy priorities of the new Government
Now that the Government has determined its key Ministerial appointments and gets underway with implementing its legislative agenda, it’s timely to briefly examine the three key areas of Government focus over the next year when it comes to superannuation.