FSC joins coalition to boost financial services
The Financial Services Council has joined a new coalition of industry groups to promote financial services and employment across the sector in a bid to transition away from the mining boom.
The FSC is one of the founding members of the Future Economy Forum, which includes industry groups from sectors such as tourism, agribusiness, international education and information technology.
FSC chief executive, Sally Loane, said: "As we transition from a mining economy to a services economy, our message to the Prime Minister and other political leaders is that we have the skills, expertise and flexibility to build stronger and more innovative industries and create thousands of new jobs in our transforming economy".
The Forum was created to work with government to create employment opportunities in the sectors in the future, and it has urged the Federal Government to develop a future economy strategy for reform to support growing industries like financial services.
It aims to focus on six main policy issues: taxation, workforce, infrastructure, innovation, sustainability and trade.
Other groups in the coalition include the Tourism and Transport Forum Australia (TTF), the National Farmers Federation (NFF), the International Education Association of Australia (IEAA), and the Australian Services Roundtable (ASR).
AUTHOR
Malavika Santhebennur
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
