News Article

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.

Welcome to Issue 59 of the FSC Policy Update, our last issue of 2021. 

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.

I am leaving the FSC after seven years – almost to the day – at the end of this year. 

As we draw stumps for 2021, it’s natural that we may feel in some way compelled to look back and reflect on the year we’ve, at times, had to struggle to get through. 

The financial services industry is closing out a challenging 2021, not only as a result of the continuing reverberations from COVID-19, but due to the significant waves of regulation that were implemented or commenced operation.

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