The financial services industry is this week implementing one of the most significant and wide-ranging set of reforms ever for the sector. Read more

The recently released Intergenerational Report shows the implications of an ageing population with rising health costs and fewer taxpayers by 2060. Read more

Welcome to Issue 56 of the FSC Policy Update. The implications of the first ‘Your Super’ performance assessments continue to reverberate through the superannuation industry after thirteen MySuper products, holding $56.2 billion, were shown to have ‘underperformed’ across all sectors of the superannuation industry. Read more

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.  Read more

The start date of the Design and Distribution Obligations, or DDO, is rapidly approaching.  Read more

The FSC made a submission on 13 August to Treasury in respect of the Financial Accountability Regime (FAR) draft Bill, a recommendation of the Hayne Royal Commission due to start from 1 July, 2023. Read more