New analysis of ATO data from the Financial Services Council (FSC) today shows over 500,000 current taxpayers will be adversely impacted by the Government’s proposed 30 per cent tax rate on balances above $3 million. Read more

The Financial Services Council (FSC) notes the certainty of today’s Government announcement to tax superannuation balances over $3 million but warns there are still important details to be resolved.  Read more

The Financial Services Council (FSC) welcomes the Federal Government prioritising public consultation on a proposed definition of the objective for the superannuation system.  Read more

By Blake Briggs, CEO of the FSC  Financial advice delivers a direct, tangible benefit to consumers, and the failure of the current regulatory framework to deliver affordable advice on the topics consumers need is causing financial harm to millions of Australians. Read more

The Quality of Advice Review’s final report released today by the Government lays a strong foundation to ensure many more Australians get the financial advice they need. Read more

By John Brogden, Trustee Director of CFS One of the great errors we make in life is overcompensating for our last mistake. When last in government, the ALP legislated the Future of Financial Advice (FoFA) reforms. These important reforms were in response to an industry that had failed to evolve into a profession and in which too many had forgotten to place the interests of their clients above their own. Read more