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FSC
Financial planning
The financial services industry had already spent $2.75 billion on implementing various regulatory changes, and should prepare to spend more on LIF, education standards, ...
Financial planning
The Life Insurance Framework has unfairly targeted advisers and their businesses rather than FSC members including insurers and financial service providers, the LICG said...
Financial planning
The Federal Government will allow its expert standards setting body discretion to issue exemptions on a case-by-case basis....
Financial planning
The FSC Leaders Summit has been told ASIC should be responsible for ensuring planner professional associations are actually fit for purpose....
Financial planning
Vertical integration had become an issue and it was time to rebuild trust in financial services, the FSC Leaders Summit has been told....
Financial planning
Industry Super Australia has drawn a line in the sand on default fund changes while still pursuing changes to adviser remuneration and standards....
Policy & Regulation
The Prime Minister’s decision to leave Kelly O’Dwyer in place in financial services grants the sector the important benefit of continuity of approach on key policy issues...
Financial planning
The FSC has repeated calls to reintroduce and implement a backlog of life insurance and super reforms, while introducing legislation to increase financial adviser standar...
Financial planning
The Financial Services Council has urged the newly re-elected Government to make reintroduction of the Life Insurance Reform Bill a priority in the new Parliament....
Financial planning
The FSC’s new Life Insurance Code of Practice faced a delay of three months from its 1 July deadline after it identified areas requiring improvement following industry co...
Financial planning
The FSC has been accused of acting in haste on churn in the Life Insurance Framework, with a group saying it wants ASIC to justify LIF by proving the churn issue after th...
Financial planning
Financial Services Council chief executive, Sally Loane, has defended her organisation's role in pursuing the Life Insurance Framework pointing to the unsustainability of...
Financial planning
A group of risk advisers have labelled FSC’s positioning on LIF as cartel behaviour, and said the industry should have gone to the ACCC with its life insurance propositio...
Financial planning
The AFA expressed disappointment over the FSC’s continued calls for a carve-out for direct insurance sales from LIF where no advice was given, and said this loophole must...
Life/Risk
A life/risk adviser group has hit out against the FSC’s call for level commissions in the LIF, and accused it and the big banks of having undue influence on the Governmen...
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MARKET INSIGHTS
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...