Media Release
MEDIA RELEASE: DISTRIBUTIONAL ANALYSIS OF AN UNINDEXED $3 MILLION SUPERANNUATION BALANCE CAP
New analysis of ATO data from the Financial Services Council (FSC) today shows over 500,000 current taxpayers will be adversely impacted by the Government’s proposed 30 per cent tax rate on balances above $3 million.
Media Statement: Government tax changes to superannuation
The Financial Services Council (FSC) notes the certainty of today’s Government announcement to tax superannuation balances over $3 million but warns there are still important details to be resolved.
Media Release: Shared objective for superannuation one step closer
The Financial Services Council (FSC) welcomes the Federal Government prioritising public consultation on a proposed definition of the objective for the superannuation system.
Media Release: Advice review final report provides the blueprint to meet consumers' advice needs
The Quality of Advice Review’s final report released today by the Government lays a strong foundation to ensure many more Australians get the financial advice they need.
Media Release: Australians want superannuation to be about their retirement
The Financial Services Council (FSC) has today released consumer research which found strong support for legislating an objective for superannuation, providing it focuses on delivering retirement income for all Australians.
Media Release: Release of FSC Standard on claims handling for superannuation funds
The Financial Services Council has released an enforceable standard for handling group life insurance claims in superannuation.
Media Release: FSC welcomes climate disclosure regime consultation
The Financial Services Council welcomes the Federal Government consultation on a mandatory climate-related financial disclosure regime as well as the Government’s commitment to a Sustainable Finance Agenda.
Media Release: Two million more Australians better off under Quality of Advice Reforms
The FSC has today released research that shows implementing the Quality of Advice Review’s proposals would help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040.
Media Release: Gender diversity a priority for fund managers
Improving gender diversity in the funds management industry is a key focus for fund managers, the 2022 Financial Services Council (FSC) Diversity Survey has found.
Media Release: Government urged to deliver affordable and accessible financial advice
The Financial Services Council (FSC) has today called for the implementation of the Quality of Advice Review proposals paper and flagged additional changes to ensure the cost of providing advice is reduced.
Media Release: FSC welcomes 2022-23 Budget
The 2022-2023 Federal Budget has delivered on the Government’s promise to implement its election commitments.
Media Release: Additional consumer protections to be included in FSC life insurance code of practice
The Financial Services Council has today announced further consumer protections will be included in the new Life Insurance Code of Practice with the first life insurance industry-wide guidelines on family and domestic violence as well as new protections in the genetics moratorium.