INSIGHTS

Media Release

The Financial Services Council (FSC) welcomes the Government’s response to the retirement phase...

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Media Release

The Financial Services Council (FSC) welcomes the Government’s response to the payday...

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Media Release

The Financial Services Council (FSC) congratulates the Government on the passage of its climate...

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Welcome to Issue 82 of the FSC Policy Update. This article outlines legislative and regulatory developments in the superannuation, investments, financial advice, tax, technology and innovation sectors, plus more. Learn about what’s impacting the financial services industry below.

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VIDEOS

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Everybody is talking about the potential uses but also the potential risks of artificial intelligence right now. The FSC welcomed the opportunity to contribute to the discussion on how AI should be regulated in Australia.

The Financial Services Council’s focus on broadening our support for the industry, including policy leadership, compliance simplification, and evidence-based research, has been successful. The FSC has been growing its membership and I am pleased...

Advice licensees are absorbing increasing levels of regulatory cost that the FSC is advocating be reduced. In this clip, Zach Castles talks about the FSC's policy and advocacy agenda for licensees as they grapple with a changing landscape.

The 2023 FSC Diversity Survey found that women comprise 29% of investment teams amongst respondent fund managers. This compares to investment team representation of 25% in the first year the survey was conducted and 27% in the 2022 survey. The survey of 16 global and domestic fund manager members found that all wanted to improve diversity in investment teams, with the majority (94%) tracking gender diversity statistics within their organisation and 88% tracking gender diversity within their investment teams. Read more

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SOCIAL

About the Financial Services Council's Members

The FSC is a peak body which sets mandatory Standards and develops policy for more than 100 member companies in one of Australia’s largest industry sectors, financial services.

Our Full Members represent Australia’s retail and wholesale funds management businesses, superannuation funds, investment platforms and financial advice licensees. Our Supporting Members represent the professional services firms such as ICT, consulting, accounting, legal, recruitment, actuarial and research houses.

The financial services industry is responsible for investing more than $3 trillion on behalf of over 15.6 million Australians. The pool of funds under management is larger than Australia’s GDP and the capitalisation of the Australian Securities Exchange, and is one of the largest pools of managed funds in the world.

INTERNATIONAL INVESTMENT FUNDS ASSOCIATION

The Financial Services Council (FSC) is a member of The International Investment Funds Association (IIFA), an association which provides a forum for global information- sharing and collaboration to promote the investment fund industry.

Find out more about the IIFA here: www.iifa.ca

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