FSC

Policy & Regulation

The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...

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Life/Risk

The Royal Commission has raised the issue of the enforceability of the life insurance code of practice, with the Financial Services Council facing tough questions on whet...

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Life/Risk

Financial Services Council chief executive, Sally Loane, has admitted to the Royal Commission that insurers effectively pay for their products to be sold by advisers....

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Life/Risk

Financial Services Council chief executive Sally Loane has told the Royal Commission that direct sales of life policies via outbound “cold calls” is viewed as unlawful by...

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Superannuation

The Federal Opposition has earned the widespread backing of the financial services industry for its proposed changes to superannuation policy aimed at improving women’s r...

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Life/Risk

The Financial Services Council has welcomed a regulator’s positive review on the role of the FSC Life Insurance Code of Practice in the sale of direct life insurance, whi...

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Financial planning

The Financial Services Council has backed the Australian Securities and Investments Commission’s external report of RG97. ...

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Policy & Regulation

The Kiwi regulator’s thematic review on replacement business practices in the insurance industry has a number of important findings for the sector, according to the Finan...

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Life/Risk

The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...

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Policy & Regulation

AFRM Claims Advocacy has called on a Parliamentary Joint Committee to recognise the Financial Services Council’s call to allow insurers to provide early intervention supp...

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Superannuation

The key superannuation and financial services stakeholders were neither informed nor consulted about the Government’s proposed one-year amnesty on employer superannuation...

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Life/Risk

The Financial Services Council has backed calls for life insurer involvement in injured worker rehabilitation with new research....

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Financial planning

Questions are being asked around why the financial planning community is being blamed when the Government has done little about legacy products in nearly two decades....

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Life/Risk

There would need to be an alignment of the various state and territory workers’ compensation jurisdictions to enable life insurers to participate in getting injured worke...

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Financial planning

The Financial Services Council has welcomed the launch of negotiations with the Council of the European Union to create an Australia-EU free trade agreement....

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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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