News Article

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 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.

There is a fascinating convergence – unlikely and surely unintended – of several of the brightest minds in our Parliament currently examining the influence on our economy of Australia’s biggest superannuation funds and the world’s largest fund managers. 

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

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

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