News Article

Welcome to Issue 73 of the FSC Policy Update. This article outlines legislative and regulatory developments in the technology and innovation, investments, financial advice and superannuation sectors, plus more. Learn about what’s impacting the financial services industry below.

The Financial Services Council (FSC) welcomes important changes to financial services products, superannuation funds and life insurance policies that come into effect on 1 July 2023.

The Financial Services Council (FSC) today cautioned consumers to seek financial advice before acting on performance test notifications for superannuation products, as defective Government regulations risk failing to address methodological issues built into the test for the new class of trustee-directed products. [1]

The Financial Services Council has welcomed the Government’s response to the Quality of Advice Review and its commitment to remove costly red tape imposed on financial advisers this year. 

Welcome to Issue 72 of the FSC Policy Update. This article outlines legislative and regulatory developments in the financial advice, technology and innovation, investments and superannuation sectors, plus more. Learn about what’s impacting the financial services industry below.

The Financial Services Council (FSC) has welcomed the Government’s response to the Quality of Advice Review and its commitment to prioritise ‘Stream One’ of its reforms, which are designed to remove costly red tape imposed on financial advisers.

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