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Showing 131 - 140 of 737 results for "FSC"

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC to strengthen enforcement of existing laws to prevent the source of unpaid determinations ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... Financial Services Council kicked off its consultation in August, asking stakeholders if such exclusions should be removed. The FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member working in one ...

Plan to increase competitiveness of managed funds

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... industry to attract greater offshore investment now and into the future," Frydenberg said. The Financial Services Council (FSC) welcomed the draft legislation. "The FSC has been advocating for the introduction of the CCIV for many years because of its ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...

New equality push in investments

ELIZABETH MCARTHUR  |  FRIDAY, 13 AUG 2021
The Financial Services Council is leading a new push for gender equality in investment management. The FSC launched the Women in Investment Management Charter, in a bid to improve female representation in the funds management industry. "The FSC surveyed ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... Council is consulting on solutions for group insurance cover for members working in hazardous occupations after stapling. FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member working in one of those ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
Senator Jane Hume opened consultations on the highly anticipated Better Advice Bill in a bid to iron out the details on how the Financial Services and Credit Panel will operate. This afternoon, the Morrison government asked for feedback relating to ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
The Financial Services Council (FSC) and 60 of its members have worked together to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... many more workers are in funds that will not be tested," ISA said in a statement. Meanwhile, the Financial Services Council (FSC) disagreed and said the reforms are a significant win for consumers, particularly regarding the stapling recommendation and ...