FSU Better Banking Charter garners support from election candidates
The Finance Sector Union (FSU) has gained traction for its Better Banking Charter using the election campaign.
The charter has called for an end to the off-shoring of jobs, limitations on performance-based sales targets and better disclosure and a demonstration of the link between fees and the provision of customer service.
At the time of publishing, nearly 30 election candidates, a number of who are currently Federal Members of Parliament, had supported the charter.
“It’s good to see the leaders of our political parties switching their attention to the economy and jobs in this week of the Federal Election campaign,” said FSU national secretary, Leon Carter. “And it’s great to see that candidates in the forthcoming election are interested in FSU’s Better Banking charter, and are prepared to pledge their support for it.”
Recommended for you
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
