It is a great pleasure to be sharing with you today a copy of the FSC's Accelerating Australia's Economic Recovery Report.

The FSC has been involved in ongoing advocacy concerning this long-standing topic, writing submissions, meetings with ASIC and participating in the cross-industry Industry Working Group (IWG).  

On 1 January 2019, the Modern Slavery Act 2018  (Cth) (Commonwealth Act) commenced, creating a modern slavery reporting requirement for certain companies operating in Australia.  

Welcome to Issue 34 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  The past fortnight has been busy, with Parliament resuming amidst tentative signs of activity returning across the Australian economy. Whilst Parliament recently failed to pass much-needed changes to the transition schedule for FASEA’s education requirements we are optimistic the major parties have reached an agreement to ensure they become law in June.

Kathy Vincent, BT's General Manager Platforms, Investments & Operations explains how Australian advisers have rapidly adapted to the impacts of COVID-19, including how technology has transformed and enhanced behaviours and relationships between advisers and clients.

As the FSC gears up for the launch of the Future of Advice Report later in the year, industry leader Allison Dummett from Matrix Planning shared her thoughts on the current market conditions in the wake of COVID-19. Here in Part One, Allison discusses the role of financial advice for everyday Australians.

Want to Talk

Leave your details and we'll be in touch.