FSC

Life/Risk

New data analysed by KPMG has confirmed insurers have paid out double the number of disability claims for policies sold through financial advisers....

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Financial planning

Research from the Financial Services Council shows 70% of New Zealanders are unprepared for retirement and there was a strong link to money and well-being. ...

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Financial planning

Australian superannuation funds may be talking the talk on ESG but a new study suggests they are not always walking the walk in using their voting power....

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Superannuation

The Financial Services Council has welcomed the new legislation but is disappointed the laws also create unnecessary tax compliance burden on Australia’s managed funds....

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Policy & Regulation

NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is t...

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Life/Risk

The Financial Services Council has issued an undertaking on behalf of the major life insurers covering the rights of frontline health and other workers in the face of COV...

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Superannuation

There was no consultation with major superannuation fund organisations about the Government’s plan to allow people early access to their superannuation, prompting funds t...

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Superannuation

The Government’s income support package to help Australians in financial hardship brought by COVID-19 has been welcomed by the FSC that stressed that super should not be ...

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Life/Risk

Plaintiff law firm Maurice Blackburn says the major life insurers have been shown to have been persistently ignoring their own code of conduct by a report from the Life C...

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Financial planning

The Financial Services Council has backed MySuper members having access to once-off financial advice, rather than ongoing advice with ongoing fees....

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Policy & Regulation

Superannuation fund trustees will not be able to resort to members’ funds held in trust to pay civil penalties arising from the new Financial Accountability Regime....

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Policy & Regulation

Experience in the United Kingdom suggests it may be a lot more expensive to recruit and retain senior executives under the Government’s proposed new Financial Accountabil...

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Policy & Regulation

The Federal Treasurer, Josh Frydenberg has stopped short of restating the Government’s promise to increase the superannuation guarantee, preferring to say that it has no ...

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Financial planning

The Financial Services Council has canvassed the imposition of capital requirements on advice licensees as part of any compensation scheme of last resort at the same time...

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Superannuation

The complexity of the superannuation system is a barrier to modernising legacy products, according to the Financial Services Council....

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GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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