The FSC has today released research that shows implementing the Quality of Advice Review’s proposals would help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040.

Improving gender diversity in the funds management industry is a key focus for fund managers, the 2022 Financial Services Council (FSC) Diversity Survey has found.

The October 2022 Budget was released by the Treasurer on Tuesday 25 October. The FSC team had two places in the Parliament House Budget lock-up and developed a comprehensive brief that was issued to members shortly after the Budget was released.

The Financial Services Council (FSC) has today called for the implementation of the Quality of Advice Review proposals paper and flagged additional changes to ensure the cost of providing advice is reduced.

The 2022-2023 Federal Budget has delivered on the Government’s promise to implement its election commitments. 

The Financial Services Council has today announced further consumer protections will be included in the new Life Insurance Code of Practice with the first life insurance industry-wide guidelines on family and domestic violence as well as new protections in the genetics moratorium.  

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