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Showing 91 - 100 of 837 results for "Financial Services Council"

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... by the potential consequences of an unindexed cap. As previously reported by Financial Standard, a Financial Services Council analysis of ATO data revealed that if the government's $3 million super cap isn't indexed, around 500,000 individuals ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... occur mid-year, with findings to be published in early 2024. Responding to Jones' announcement, Financial Services Council chief executive Blake Briggs said it is "an opportunity to demonstrate the sector is consumer-focused and well-regulated, whilst ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... deed of company arrangement that would see them receiving as little as 3.1 cents on the dollar. The Financial Services Council (FSC) welcomed the introduction of the CSLR and FAR legislation into Parliament as a positive step towards the implementation ...

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... impact around 500,000 individuals who are currently saving for retirement or have already retired. Financial Services Council (FSC) analysis of ATO data found a significant portion of Australian taxpayers will breach the cap in their lifetime and face ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... including Super Consumers Australia, the Australian Institute of Superannuation Trustees (AIST) and Financial Services Council (FSC) welcomed the increase in tax rates for super balances over $3 million, however Chartered Accountants ANZ and the SMSF ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... including Super Consumers Australia, the Australian Institute of Superannuation Trustees (AIST) and Financial Services Council (FSC) welcomed the increase in tax rates for super balances over $3 million. Super Consumers Australia director Xavier O'Halloran ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... retirement savings, and promoting equitable outcomes for women and low-income earners, Fahy added. The Financial Services Council (FSC) also welcomed the government's consultation on a proposed definition and objective for the super system. FSC chief ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... general manager Gary Pflugrath, Financial Planning Association of Australia chief executive Sarah Abood, Financial Services Council chief executive Blake Briggs, FINSIA chief executive and managing director Yasser El-Ansary, Institute of Public Accounts ...

Superannuation objective: Australians want retirement income

ANDREW MCKEAN  |  FRIDAY, 27 JAN 2023
Financial Services Council (FSC) research found Australian's support legislating an objective for super that focuses on delivering retirement income. A focus group study conducted by CT Group revealed Australian consumers' awareness, understanding ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... regarding Statements of Advice (SoAs). Concerning the cost of advice, KPMG research commissioned by the Financial Services Council (FSC) found the average cost of providing comprehensive advice is $5335 per client. Some paraplanners believe the cost ...