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MEDIA RELEASE: Financial Services implementing major regulatory changes
The financial services industry is this week implementing one of the most significant and wide-ranging set of reforms ever for the sector.
Professional advice is the safest vehicle for embracing a brave new world of information and wealth
The recently released Intergenerational Report shows the implications of an ageing population with rising health costs and fewer taxpayers by 2060.
FSC Policy Update - Issue 56. September 20
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.
MEDIA RELEASE: Compensation scheme fails to prevent source of unpaid determinations
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.
Financial Accountability Regime (FAR) update
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.