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FSC
Superannuation
The FSC has suggested removing the ‘default’ super option to give employees greater opportunity to choose their own default super funds....
Life/Risk
The Life Insurance Code of Practice regime started on 1 July and has included new minimum medical definitions....
Superannuation
The First Home Super Savers Scheme will prompt engagement and increase salary sacrifice contributions, the FSC believes....
Financial planning
The Financial Services Council has declared its members do not believe they should be made to pay for the financial planning mistakes of other businesses....
Policy & Regulation
The Financial Services Council has confirmed it is no longer seeking changes to the FOFA regime and that includes opt-in, product disclosure statement and best interests....
Superannuation
The Financial Services Council is willing to have the book thrown at its members if they are ever found to have offered inducements to business clients to move to bank-o...
Life/Risk
ClearView has launched an attack on the FSC over its life insurance APL draft standard, arguing it does not tackle conflicts of interests and proves the industry cannot s...
Features
John Berrill looks at the changes the ISWG have put forward to shake up the life insurance industry....
Life/Risk
The FSC has released a draft standard paper for consultation, which proposes that life insurance APLs must have compulsory provider and product choice....
Life/Risk
An additional layer of assistance to help consumers make a claim would add more confusion and would be seen as a way to discourage consumers from making a claim, a panel ...
Life/Risk
ASIC would review issues in the life insurance industry with a culture lens, ASIC told an FSC conference panel....
Financial planning
Five awards have been presented to talent in Australia’s life insurance industry at a gala dinner held in Sydney last night as part of the Financial Services Council Life...
People & Products
AMP group executive, advice and New Zealand, Jack Regan has been appointed to the FSC’s board of directors, effective 24 February....
Financial planning
A member of the Senate Economics Committee has described underwriting at time of claim as a 'serious problem' that the industry must address....
Features
The Australian life/risk sector is facing a fundamental reshaping as advisers move beyond the LIF and banks consider their return on investment, Mike Taylor finds....
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Podcast
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...