The Financial Services Council (FSC) has announced its policy priorities for the next parliament ahead of the Federal Election.

The Financial Services Council (FSC) is urging Australians who have lost important life insurance documents in the recent floods to visit its website if they have life insurance, but don't remember which company their life insurance is with. 

In 2019 Australian life insurers introduced a Moratorium on using genetic test results to assess life insurance applications.

The FSC was very pleased that the CCIV passed Parliament in February and is now law. The FSC welcomed the implementation of this historic reform for financial services.

Over-regulation has caused the unprecedented attrition of advisers from the industry. The advice sector begins the year with an estimated 18,500 advisers, having experienced a 25% decline from over 25,000 advisers three years ago, in a market of 2.6 million consumers of financial services.   

2022 has started with a bang! The FSC and our members have already seen significant progress on key policies this year with parliament passing the Retirement Income Covenant and the Corporate Collective Investment Vehicle regime. 

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