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FSC
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...
Financial planning
The Financial Services Council has backed MySuper members having access to once-off financial advice, rather than ongoing advice with ongoing fees....
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....
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...
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 ...
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...
Superannuation
The complexity of the superannuation system is a barrier to modernising legacy products, according to the Financial Services Council....
Financial planning
The Government and the industry needs to start counting the cost of the Financial Adviser Standards and Ethics Authority regime implementation in circumstances where no o...
Life/Risk
Breast cancer was the most common life insurance cancer claim, double the rate of prostate cancer which was the second most common, according to data....
Policy & Regulation
The Financial Services Council has recommended the two regulators must collaborate on information, documentation, and data requests and collection....
Policy & Regulation
Accountants, doctors and other should be excluded from the coverage of claims handling as a financial service and insurers should be allowed to continue giving ‘factual s...
Financial planning
The Financial Services Council will treat bushfire victims making claims as vulnerable customers requiring addition support under the FSC Life Insurance Code of Practice....
Financial planning
AMP is partnering with its advisers to offer free financial advice to Australians who suffered loss due to the recent bushfires....
Financial planning
Australians who have lost their life insurance policy details in the bushfires can contact the Financial Services Council for help....
Superannuation
The Financial Services Council has urged caution on the use of the Australian Prudential Regulation Authority’s proposed heatmapping exercises when making comparisons bet...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...