Media Release
MEDIA RELEASE: Superannuation heatmaps underscore importance of consumer engagement and financial advice
The release of the Australian Prudential Regulation Authority’s (APRA) heat maps for MySuper and ‘choice’ investment products today underscores the importance of ensuring consumers can access affordable financial advice that considers their investment and life insurance needs.
MEDIA RELEASE: Release of FSC Standard Prohibiting Occupational Exclusions
The Financial Services Council (FSC) has released an enforceable Standard which will remove occupational exclusions and occupation based restrictive disability definitions in default life insurance cover in superannuation.
MEDIA RELEASE: FSC welcomes two new appointments to the Board
The Financial Services Council (FSC) welcomes Scott Hartley, CEO AMP Australian Wealth Management and Michelle Taylor, Chief Executive, People, Corporate Affairs and Strategy for Challenger Ltd as Directors to the FSC Board.
MEDIA RELEASE: Retirement income covenant and corporate collective investment vehicle bill a milestone for financial services
The Financial Services Council (FSC) welcomes the introduction of legislation today to implement the Corporate Collective Investment Vehicle (CCIV) and the Retirement Income Covenant.
MEDIA RELEASE: FSC welcomes new appointment to Board
The Financial Services Council (FSC) welcomes Nick Fels, Chief Executive Officer of Bell Asset Management Ltd as a Director to the FSC Board.
MEDIA RELEASE: Sally Loane to step down as CEO of the Financial Services Council
The Financial Services Council (FSC) Chief Executive Officer Sally Loane has announced that she will leave at the end of the year, after seven years at the helm of the policy and advocacy organisation.
MEDIA RELEASE: FSC to ban occupational exclusions in default group life insurance in superannuation
The Financial Services Council (FSC) has today announced it will be introducing an enforceable FSC Standard to prohibit the use of exclusions and restrictive disability definitions because a member is employed in a high-risk occupation.
MEDIA RELEASE: FSC launches white paper on financial advice
The Financial Services Council (FSC) has today released the White Paper on Financial Advice, a blueprint for a simplified regulatory framework that could reduce the cost of providing financial advice by almost $2,000, or up to 37 per cent.
MEDIA RELEASE: Financial Services implementing major regulatory changes
The financial services industry is this week implementing one of the most significant and wide-ranging set of reforms ever for the sector.
MEDIA RELEASE: Compensation scheme fails to prevent source of unpaid determinations
The Financial Services Council (FSC) has urged the Government to amend the proposed Compensation Scheme of Last Resort (CSLR) to prevent the “moral hazard” of shifting costs onto companies and consumers who have done nothing wrong.
