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Showing 21 - 30 of 780 results for "Financial Services Council"

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... what broadening the definition of intra-fund advice means for their operations. Jones told a recent Financial Services Council event that trustees can expect to offer more holistic financial advice as part of the federal government's adoption of ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... its highly regulated framework will place trustees in good stead to make advice more accessible. At a Financial Services Council breakfast this morning, Jones clarified that superannuation funds will be able to offer advice at every stage of a member's ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... difficult," Salis wrote. "The superannuation industry does not escape this change. A 2017 study by the Financial Services Council also found that even though 70% of Millennials had a superannuation account, they are uninterested and unengaged with it." ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... must be clearly outlined in the SoA, has also been embraced by advisers. Estimates by KPMG and the Financial Services Council in 2021 calculated the advice process to cost $5334.64. By removing the Safe Harbour Steps, this will reduce the cost of financial ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... members." Members should consult a financial adviser before acting on performance test notifications, the Financial Services Council chief executive Blake Briggs said. Briggs believes the government's pursuit of "rough justice for underperforming ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... meaningfully improve access to advice, without watering down important consumer protections," he said. The Financial Services Council (FSC) thinks Jones is making the right move to prioritise fixing the broken state of financial advice under Stream One ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
The Financial Services Council (FSC) released an updated template Target Market Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global ...

Ignition Advice appoints Sally Loane as chair

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
The former Financial Services Council (FSC) chief executive succeeds Peter Meurer who is stepping down from the role after eight years. Loane is an experienced chair, non-executive director, and business leader. Aside from her tenure with the FSC between ...

Geoff Lloyd to chair Stake

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... agreement to be acquired by IOOF. This period also marked his departure from the role as chair of the Financial Services Council. Since then, Lloyd has spent time collaborating with and investing in fintech start-ups both locally and internationally. ...

Atrium hires abrdn wholesale lead

ELIZABETH FRY  |  FRIDAY, 19 MAY 2023
... business development adviser and finally a director last year. In 2017, Mitchell did a stint on the Financial Services Council committee. Atrium head of client investment services David Dix welcomed Mitchell to Atrium. "Laura joins Atrium as a sales ...