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Showing 101 - 110 of 837 results for "Financial Services Council"

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... and leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC), the QAR proposals will support consumers approaching or in retirement in three ways. Firstly, by increasing the provision ...

Investment teams 27% female: FSC

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
Women make up about 27% of investment teams, according to the Financial Services Council (FSC). That's a key finding from a survey of 20 of the FSC's fund manager members; it's an increase of 2% on last year. FSC chief executive Blake Briggs said the ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
Several new consumer protections will be added to the Financial Services Council (FSC)'s Life Insurance Code of Practice, including the industry's first guidelines on family and domestic violence, as well as new protections in the genetics moratorium. ...

QAR could see 12% increase in insured Aussies

CHLOE WALKER  |  THURSDAY, 20 OCT 2022
According to research commissioned by the Financial Services Council (FSC), the introduction of a scalable advice model for life insurance would see more than a million Australians have the life insurance cover they need. Research by NMG Consulting ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
Financial Services Council (FSC) research shows that proposed increases to super taxes will not deliver a sustainable Federal Budget position. The FSC engaged DeltaPearl Partners to perform economic modelling of six possible measures adjusting the current ...

Burgeoning challenges of the advice industry: Padua

ANDREW MCKEAN  |  THURSDAY, 22 SEP 2022
... one is time; it's taking way too long for us to produce advice documents," she remarked. According to Financial Services Council (FSC) survey data, the average Statement of Advice (SOA) takes around 20 hours to produce. But, broken down further, the ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
Mercer analysis of publicly available retirement income strategy summaries shows a great disparity between super funds' approaches. Under the requirements of the Retirement Income Covenant, trustees set out how they'll help members with their retirement ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... from industry primarily compensates consumers rather than covering bureaucracy and administration. The Financial Services Council (FSC) also welcomed the introduction of legislation for a CSLR. FSC chief executive Blake Briggs said: "The government is ...

Crescent Wealth names chief operating officer

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
... title of head of engagement at BT Financial Group, as well as director of operations and membership at Financial Services Council and head of marketing, Australia and New Zealand at J.P. Morgan. She joined Crescent earlier this year in the marketing ...