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Showing 251 - 260 of 837 results for "Financial Services Council"

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... 300,000 times, at the RC public hearings. Stronger codes of practices Another key recommendation is that Financial Services Council should amend the Life Insurance Code of Practice to allow the code's governance committee to impose sanctions on members ...

Asia Funds Passport takes flight

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
The Financial Services Council is calling for an overhaul of the tax system to secure the future of the Asia Region Funds Passport, which began operation on Friday. The Asia Region Funds Passport (ARFP) allows certain Australian managed funds to be ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
Several veterans of Australia's financial services industry were recognised over the long weekend in the 2019 Australia Day Honours List. Honoured for their service to the sector, the list features a number of familiar faces, including the chair ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
The Financial 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 ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... including the importance of compulsory contributions and universal coverage of employees, he said. The Financial Services Council was also concerned about the best-in-show list and its potential unintended consequences. FSC chief executive Sally Loane ...

Survey says no to subsidising life insurance for genetically at-risk Aussies

HARRISON WORLEY  |  MONDAY, 10 DEC 2018
... want to subsidise life insurance for those with adverse genetic test results, according to the latest Financial Services Council study. The FSC recently released results of its consumer survey conducted in July this year. The survey was aimed at understanding ...

Stop genetic testing questions: Poll

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... genetic test. Only 28% of respondents disagreed with this statement. The responses come in light of the Financial Services Council announcing it will establish a moratorium to stop using genetic test results as part of insurance applications on 1 July ...

FSC moves to protect retail super from ALP 'tinkering'

HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
The Financial Services Council has gone in to bat for retail superannuation fund members over Labor's proposed changes to franking credits. In a submission to the House of Representatives Economics Committee, the FSC outlined the impact of the current ...

FSC revamps life insurer code

KANIKA SOOD  |  MONDAY, 12 NOV 2018
The Financial Services Council has released a new draft life insurance code of practice that makes 30 changes to the code in place since 2017. The second iteration of the code aims to lift the standards in product design, sales, underwriting, customer ...

Life insurers fear genetic testing changes

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
... would accept genetic test results from applicants who already had genetic tests on hand. This week, the Financial Services Council announced it will spearhead a new moratorium to stop using genetic test results as part of insurance applications on 1 ...