Media Releases
Media Release: FSC welcomes review into Your Future, Your Super
The Financial Services Council (FSC) welcomes the Government’s decision to pause the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months, and to review the YFYS laws.
Media Release: Superannuation funds show the way forward to retirement
Millions of Australians can look forward to a brighter financial future in retirement with the superannuation system’s Retirement Income Covenant coming into effect tomorrow, 1 July 2022.
Media Release: More consumer protections for life insurance customers
The Financial Services Council (FSC) and the life insurance industry have today published the new Life Insurance Code of Practice (the Life Code).
Media Release: Associations united in response to Quality of Advice Review
The Joint Associations Working Group (JAWG) has collaborated to lodge a submission to Treasury’s Quality of Advice Review calling for a more consumer-focused regulatory approach, reduced costs, and greater recognition of professional judgement.
MEDIA RELEASE: FIRST HOME BUYERS SHOULD NOT BE FORCED TO CHOOSE BETWEEN A HOME AND THEIR RETIREMENT SAVINGS
The Morrison Government’s announcement to allow access to superannuation for first home buyers to fund a deposit will undermine the purpose of the superannuation system and could force up to 5.3 million young Australians to decide between owning a home or their retirement savings.
MEDIA RELEASE: FSC releases guidance on divesting Russian assets
The Financial Services Council (FSC) has today released guidance to assist superannuation trustees and fund managers with divestment of Russian assets.