FSC

Policy & Regulation

Scaled advice fits under best interests: ASIC

The regulator has confirmed scaled advice can be provided under best interests duties outlined in Future of Financial Advice changes....

Financial planning

Codes of conduct spark debate

ASIC said it is currently unable to provide clarity on some key licensee concerns....

Financial planning

Brogden flags broader FSC mandate

FSC chief executive John Brogden has indicated the organisation needs to take a stand to more broadly influence greater economic policy....

Policy & Regulation

Shorten predicts few changes to Labor's reforms

The Minister for Financial Services, Bill Shorten, has predicted that few of the financial services reforms implemented by the Gillard Government will be amended or repea...

Policy & Regulation

Regulators stressed by changes too

Australia's two financial services regulators have acknowledged the level of stress and uncertainty being experienced by financial services companies as a result of the G...

Policy & Regulation

FSC concern over regulatory timeframes

FSC chairman Peter Maher has raised concerns about the industry's ability to comply with FOFA and MySuper in the available deadlines when definitions are still not availa...

Financial planning

Innovation key to remaining competitive

Operational innovation will help financial services providers remain relevant to consumers in a highly competitive market....

Financial planning

Super fees on their way down

There has been a clear downward trend in superannuation fees over the past decade, with advice fees having also decreased, according to the latest Rice Warner Actuaries r...

Superannuation

FSC argues for removal of industrial parties from super

FSC tells Productivity Commission that MySuper obviates the need for involvement of industrial parties in selecting default funds....

Financial planning

Financial Services Council's FATCA debate goes to Washington

Financial Services Council chief executive John Brogden has lobbied Washington for an intergovernmental agreement to resolve the FATCA debate....

Financial planning

CPD points available at FSC conference

The Financial Services Council has broken new ground by ensuring CPD points will be available to delegates attending its annual conference on the Gold Coast, August 1-3....

Financial planning

Financial adviser survey counters FSC on churn

A new survey has revealed significant opposition to some elements of the Financial Services Council's anti-churn policy approach....

Superannuation

SuperStream to cost industry an additional $250 million

The Financial Services Council is concerned about how monies levied to fund SuperStream will be spent....

Life/Risk

'Churning' should be addressed at the underwriting stage

In order to address the issue of 'churning' in life insurance, the responsibility should fall on the underwriter to determine whether to continue with an insurance policy...

Editorial

FOFA - signed, sealed ... delivered?

With the FOFA, Stronger Super and MySuper reforms finally taking shape, the financial services industry has a clearer picture of what the future holds, writes Chris Kenne...