Media Release

The Financial Services Council has released an enforceable standard for handling group life insurance claims in superannuation.

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.

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.

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.

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.

The 2022-2023 Federal Budget has delivered on the Government’s promise to implement its election commitments. 

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.  

New research released today by the Financial Services Council (FSC) shows the combined effect of simplification of comprehensive advice and the introduction of a scalable advice model for life insurance would see a million more Australians have the life insurance cover they need. 

New research released by the Financial Services Council (FSC) demonstrates that proposed piecemeal increases to superannuation taxes will not deliver a sustainable Federal Budget position.

This article was published in the Australian newspaper, Tuesday, 20 September 2022

The Financial Services Council (FSC) welcomes the Quality of Advice Review consultation paper as it identifies a way forward to make quality advice accessible to more Australians. 

The Financial Services Council (FSC) has outlined the importance of policy certainty for Australia’s investment community provided by the Government’s Climate Change Bill 2022 but says more needs to be done.