Limiting the scheduling of financial adviser exams holds back professional year (PY) candidates because it takes them longer than one year to complete a professional year at a cost to both them and the licensee. Read more

The FSC continues work on updating the FSC investment management agreement (IMA). The FSC is continuing dialogue with members and legal counsel what some of the key changes and updates are likely to be. Read more

It’s almost thirty years to the day marking Australia’s transformation into a nation of compulsory savers with the introduction of the superannuation guarantee. From humble beginnings, our superannuation system is now the fourth largest pension system in the world.  Read more

The Financial Services Council (FSC) and the life insurance industry have today published the new Life Insurance Code of Practice (the Life Code). Read more

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. Read more

Welcome to Issue 63 of the FSC Policy Update. Read more