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Showing 161 - 170 of 686 results for "FSC"

Super gets an insider in ministry reshuffle

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... the Royal Commission and other pre-election commitments." The Financial Services Council also welcomed the new ministry, and FSC chief executive Sally Loane said the council will lobby the new team on a number of fronts, including forming one regulatory ...

Wealth heavyweights join FSC board

HARRISON WORLEY  |  THURSDAY, 4 APR 2019
... chief financial officer Andrew Tobin and Jason Yetton - who is leading Commonwealth Bank's wealth demerger - have joined the FSC's board. Meanwhile, Australian Unity wealth chief executive, group chief investment officer and current FSC director David ...

Don't expect super favouritism: Bowen

HARRISON WORLEY  |  MONDAY, 1 APR 2019
... Federal Election, don't expect the new Treasurer to go easy on underperforming funds - industry or otherwise. Speaking at an FSC BT Political Series lunch at Doltone House in Sydney last week, Shadow Treasurer Chris Bowen said if elected, Labor would ...

Robert slates industry over inactive accounts

HARRISON WORLEY  |  THURSDAY, 21 MAR 2019
... of insurance premiums being charged on inactive accounts. Out of interest, what was everyone doing about that?" he asked. FSC chief executive Sally Loane asked the Assistant Treasurer if he held the superannuation industry responsible for the lack of ...

FSC to enact binding standard on genetic testing

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... Financial Services Council heard the code was not written in comprehensible English and ASIC approval was needed. Instead, the FSC will enact a binding standard limiting life insurers use of genetic testing from July. The new standard will apply to all ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... industry codes to be amended for enforceable provisions. In handing down these two recommendations, Hayne has chosen to ignore FSC chief executive Sally Loane's call. Appearing before the financial services Royal Commission on the final day of its ...

Asia Funds Passport takes flight

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Funds Passport (ARFP) allows certain Australian managed funds to be marketed to retail investors outside of Australia. But the FSC believes the initiative will only reach its potential with tax reforms, and is calling on the Government to overhaul the ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... Services Council is extending the consultation period for the second iteration of its life code until 31 January 2019. The draft FSC Life Insurance Code of Practice was first released for consultation in November 2018, proposing 30 changes that include ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
... super. "This approach risks creating an oligopoly in default superannuation and reducing long-term competition." Likewise, FSC chief executive Sally Loane said the list could create a "monolithic concentration of funds, stifle competition and create ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... said. The Financial Services Council was also concerned about the best-in-show list and its potential unintended consequences. FSC chief executive Sally Loane said the list could create a "monolithic concentration of funds, stifle competition and create ...