Media Releases
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: 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.
