Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 181 - 190 of 687 results for "FSC"

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... responsibility for the culture that led to some deplorable outcomes for many consumers and a transformation is long overdue," FSC chief executive Sally Loane said. "I thank Commissioner Hayne for a robust and thorough report which deserves time to be ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
Financial Services Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on ...

Labor super reforms can reach further heights: Industry

DARREN SNYDER  |  WEDNESDAY, 19 SEP 2018
... "has committed to consider the impact that any future changes to super would have on women." The Financial Services Council (FSC) said Labor's plan should be commended because it helps all Australians on the path to a comfortable retirement. FSC director ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... practices of some life insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said its Life Insurance Code of Practice has "lifted the bar" in the industry but concedes "there is still room for improvement." ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... is not always easy to find those people," she said. Carey and Phillips spoke at a panel discussing group insurance at the FSC Summit last week. Other speakers included TAL's Brett Clark and APRA's Adrian Rees. The session was led by MLC Life ...

FSC aggregates insurance industry data

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... Council is launching a multi-million-dollar data project that will aggregate and distribute life insurance industry data. FSC chief executive Sally Loane announced the project's delivery in Melbourne today, the culmination of two years' work ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... taking an average of 1500 days to internally identify breaches in conduct, ASIC chair James Shipton said in his address at the FSC Summit in Melbourne today. And this is only the first step in the reporting the breach to ASIC, he said. The findings are ...

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... Productivity Commission, yet the best in show approach must be careful that it doesn't dampen competition. Speaking at the FSC Summit in Melbourne on Wednesday, Bowen said any model that dampens competition would not be in members' interests "And then ...

BTFG will pay back grandfathered commissions to customers

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... grandfathered commissions on 140,000 customer accounts at a $40 million blow to its full-year earnings. The comments were made at an FSC Summit panel on Wednesday, addressing the future of financial advice. Addressing the moderator's question on ...

Future of superannuation leads FSC Summit

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
The superannuation industry should brace itself for fewer legacy arrangements, fewer accounts, and greater demand for needs-based insurance. This was a key message from PwC asset and wealth management leader Craig Cummins as he opened the Financial ...