News Article

The FSC has been caught up in the broad-based NSW lock down, which impacts our Sydney CBD office.

A focus for the FSC in our review of financial advice laws is finding opportunities to streamline regulation that is holding back the industry from delivering lower cost and higher quality service to consumers.

Have you heard of the Australian Death Notification Service? Well if you have, you’re in the minority.

APRA has released its draft Prudential Practice Guide CPG 229 on managing climate change financial risks.

I’m not a financial adviser, but that doesn’t stop everyone, from colleagues to family members to my hairdresser, asking what they should do with their super.

Legacy products are financial products that are well past their “use by” date, as they are no longer issued to new retail customers and over time the number of remaining few customers gradually decreases. 

The FSC wants comprehensive debate about the affordability and accessibility of financial advice in Australia, and the best solutions to secure that.

The funds management sector represents $2.3 trillion in consolidated assets and is a key part of the Australian financial services sector, thus prompting ASIC to undertake a competition review of funds management.

The FSC is doing extensive work to help members prepare for the start of the Design & Distribution Obligations (DDO) regime, which begins in October 2021. 

We constantly talk about removing red tape, but it almost never gets done.

With the Design and Distribution Obligations (DDO) due to commence 5 October this year, the release of ASIC Regulatory Guide RG 274 Product Design and Distribution Obligations (RG 274) in December 2020 was eagerly anticipated by the industry.

I was very pleased to recently host the FSC’s policy team in a detailed member briefing on the policy priorities for 2021.