Welcome to Issue 40 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry. In this issue, the FSC team analyses the pilot initiative to allow life insurers to provide earlier intervention to support customers, revised APRA guidance for insurers and banks capital management and ASIC consultation on Reference Checking protocol.   Read more

The FSC recently announced that the Investment Board Committee had been reconstituted into the Fund Management Board Committee (FMBC), which is supported by the Investment Expert Group (IEG). Read more

Now that the hurly-burly’s done and the battle is lost and won, what is the outcome for fees and costs disclosure? Read more

Welcome to Issue 39 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  COVID-19 has again dominated the political landscape, with the most recent sitting of Parliament cancelled. It appears likely the next sitting period, scheduled to commence 24 August, will proceed, with Victorian-based MPs and Senators asked to quarantine for 14 days beforehand if they wish to attend.  Read more

Online attendees at this week’s FSC Life Insurance Summit heard numerous industry leaders discuss the substantial challenges facing the life insurance sector. Read more

The life insurance industry is at an “inflection point” which challenges its long-term sustainability and demands fundamental change: this was the consensus view from a panel of industry leaders comprising regulators, re-insurers and product manufacturers. Read more