Limiting the scheduling of financial adviser exams holds back professional year (PY) candidates because it takes them longer than one year to complete a professional year at a cost to both them and the licensee.

The FSC continues work on updating the FSC investment management agreement (IMA). The FSC is continuing dialogue with members and legal counsel what some of the key changes and updates are likely to be.

It’s almost thirty years to the day marking Australia’s transformation into a nation of compulsory savers with the introduction of the superannuation guarantee. From humble beginnings, our superannuation system is now the fourth largest pension system in the world. 

Australians deserve a superannuation system that is fair, efficient and competitive. When it comes to the regulatory environment, Australian superannuation funds have been navigating the biggest reform agenda since the system’s inception.

A regulatory framework that empowers consumers to get limited advice on simple or basic issues is the key outcome the FSC seeks from the Quality of Advice Review.

More than 800,000 Australians have transacted in digital assets over the past three years. However, due to regulatory uncertainty, growth in retail investment in digital assets has led to concerns that retail consumers are without adequate consumer protections.