Welcome to Issue 44 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. The 2020 Budget released on the evening of 6 October packed a punch, with superannuation reforms announced that will have significant downstream implications for life insurers, fund managers and financial advisers. The FSC is closely engaging with the Government on these reforms and looking to ensure the ‘Your Future, Your Super’ package does not result in poor consumer outcomes. Read more

Many of Australia’s best and brightest minds in financial services gathered online to help shape the future of financial advice this week.  Read more

Nicole Salimbeni, Partner, Financial Services and Consumer Business Leader, PwC comments on achieving more accessible advice for consumers, plus what an ideal financial advice system looks like. Read more

Welcome to Issue 43 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. The Government announced significant reforms to superannuation in the Federal Budget, including the implementation of the Royal Commission’s ‘one default account’ recommendation, a policy priority of the FSC’s, along with new APRA powers and controls on the use of members’ retirement savings. Read more

Super chuffed about the opportunity to write the guest blog for the mental health and life insurance virtual roundtable; I did the Gen X thing and googled “features of a great blog”. Read more

Nathan Jacobsen, Managing Director, Paragem comments on the licensee’s role in the future landscape of advice in Australia Read more