News Article

A life insurance advice model, where product issuers pay for consumers to seek independent advice, could be a way forward for the industry as it moves on from the turmoil of the 2018 Royal Commission and regains public trust, according to a senior lawyer. 

Senator Jane Hume this week praised life insurers for providing a “safety net” for Australians during the COVID-19 pandemic. 

We spoke to financial advice industry specialist Nerida Cole from Dixon Advisory about the impacts of COVID-19 on the financial wellbeing of Australians, as well as how the crisis has demonstrated the true value of advice.

Speakers from the UK, Hong Kong and Sydney joined us for the FSC’s recent under 35s Circuit event on investing and the influence of climate change on global markets.

End of the financial year is always a busy time for tax managers in financial services. But this year things are substantially harder with the disruption caused by COVID-19.

Three major fiscal safety nets saved many Australians from economic penury in this pandemic – the taxpayer-funded JobKeeper and JobSeeker schemes, and the superannuation early access scheme. 

A lot has been said about advice businesses experiencing a surge in demand for their services as they support clients through matters relating to early access to superannuation, redundancy, life insurance, pension minimums and more. 

This past week the FSC contributed to the national policy debate by releasing our Accelerating Australia’s Economic Recovery report.  

OPINION PIECE - by Aidan Nguyen, Policy Manager – Life Insurance

OPINION PIECE - by Michael Potter, Senior Policy Manager – Economics & Tax

In Part Two of our Future of Advice discussion with Allison Dummett from Matrix Planning, we explore the influence of regulation and technology on the financial advice industry.

On 1 January 2019, the Modern Slavery Act 2018  (Cth) (Commonwealth Act) commenced, creating a modern slavery reporting requirement for certain companies operating in Australia.