FSC

Editorial

Assistant Treasurer, Bill Shorten, has pointedly excluded the Association of Financial Advisers from those who convinced the Government to concede ground on risk commissi...

Policy & Regulation

Foreign investment tax to be aligned with OS markets

Australia's taxation of foreign managed funds will soon be aligned with countries including the US, the UK, Hong Kong and Singapore, as the Federal Government rolls out i...

Financial planning

Mixed response to FSC’s stance on churn

Some segments of the industry say the Financial Services Council’s (FSC) stance to proactively reduce the practice of insurance policy churning by advisers will not...

Financial planning

Govt told to end financial services uncertainty

Industry united in sending a single message to the Government on financial services – end the uncertainty....

Financial planning

Govt told: ‘fix default funds now’

Both the Financial Services Council and the Federal Opposition have sent the Government a clear message that they will not accept any delay in referring the status of def...

Policy & Regulation

CEOs want certainty over FOFA - Brogden

Wealth management chief executives have called for certainty regarding the proposed FOFA changes, according to the 2011 Financial Services Council (FSC) CEO Report....

Financial planning

FSC moves to reduce churn

The Financial Services Council (FSC) has moved to reduce churn in the life insurance industry via a uniform approach to commissions....

Superannuation

Industry backs Shorten concession on risk in super

The financial planning industry organisation has welcomed a signal from the Assistant Treasurer and Minister for Financial Services, Bill Shorten, that the Federal Govern...

Financial planning

Maher critical of Government inaction

The Federal Government has been taken to task for causing consumer uncertainty by taking an undue amount of time to deliver a new legislative framework covering the finan...

Policy & Regulation

FOFA legislation timing drifts further

The first draft of the legislation flowing from the Government’s proposed Future of Financial Advice (FOFA) changes is now not likely to be made available until nex...

Superannuation

New super risk measure to help consumers compare funds

Superannuation funds will soon have to provide consumers with greater transparency around investment risk with the introduction of a new industry guideline....

Financial planning

Soft dollar bans could affect marketing

While the soft dollar spotlight has been firmly shone on all-expenses paid trips and lavish gifts given to financial advisers, the Treasury's proposed ban on these paymen...

Policy & Regulation

FOFA balance is right, says Shorten

The Assistant Treasurer, Bill Shorten, has claimed the balance of FOFA is right and has urged the financial services industry to support a super guarantee increase based ...

Financial planning

Entertainment expenses in the spotlight

The happy days of all-expenses-paid trips and free tickets to the country's top events will end should certain Future of Financial Advice reforms relating to soft dollar ...