Media Release: Consumers should seek financial advice on superannuation performance test results
The Financial Services Council (FSC) has welcomed the release of today’s Performance Test results for MySuper and Trustee Directed Products.
Media Release: Superannuation delivering on its promise to Australians
The Financial Services Council (FSC) welcomes the Government's announcement to strengthen the accessibility of retirement products to help Australians make the most of their superannuation savings as part of releasing the 2023 Intergenerational Report.
Media Release: Consumers to benefit from enhanced services standards and protections from 1 July
The Financial Services Council (FSC) welcomes important changes to financial services products, superannuation funds and life insurance policies that come into effect on 1 July 2023.
Media Release: Consumers must seek financial advice before making financial decisions based on Government’s performance test notifications
The Financial Services Council (FSC) today cautioned consumers to seek financial advice before acting on performance test notifications for superannuation products, as defective Government regulations risk failing to address methodological issues built into the test for the new class of trustee-directed products. [1]
Media Release: GOVERNMENT COMMITS TO REDUCE FINANCIAL ADVICE RED TAPE
The Financial Services Council (FSC) has welcomed the Government’s response to the Quality of Advice Review and its commitment to prioritise ‘Stream One’ of its reforms, which are designed to remove costly red tape imposed on financial advisers.
Media Release: FSC promotes regulatory best practice on Design and Distribution Obligations
The Financial Services Council (FSC) is building on promoting best regulatory practice across the funds management industry in the interest of consumers with the release today of an updated template Target Market Determination (TMD) for funds management.