Welcome to Issue 57 of the FSC Policy Update. At 9am Wednesday the FSC CEO Sally Loane will be In Conversation with Margaret Cole, Executive Board Member of APRA responsible for superannuation, at a free and exclusive FSC member event.

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.

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. 

The House of Representatives Standing Committee on Economics is currently holding an inquiry into the implications of common ownership and capital concentration in Australia.

The FSC has made no secret of the need to reduce the regulatory burden on the financial services industry, particularly financial advice, in its advocacy to Government and regulators.

Tuesday 28 September 2021 was an important milestone for the life insurance industry. 

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