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Showing 11 - 20 of 100+ results for "FSC"

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... In response to the latest installment of the heatmaps initiative, acting chief executive of the Financial Services Council (FSC) Blake Briggs said that the analysis is an important wake-up call for consumers that not all MySuper products and investment ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed off the back of ongoing ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... it looks to replace Sally Loane, who steps down on December 23. Blake Briggs, currently the deputy chief executive of the FSC, will take the top job in the interim. Briggs joined as deputy chief in May 2020, marking his return to the FSC after serving ...

New appointments to FSC board

CHLOE WALKER  |  FRIDAY, 10 DEC 2021
The Financial Services Council (FSC) has today announced the appointments of AMP Australian Wealth Management chief executive Scott Hartley, and Challenger chief executive, people, corporate affairs and strategy Michelle Taylor, as directors to the ...

CCIV legislation introduced

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
... advocating for the CCIV for many years because of the significant export opportunity for Australia's funds management industry. FSC chief executive Sally Loane said: "Foreign capital currently only contributes 5% of investment into Australian managed ...

New FSC board appointment

ELIZABETH MCARTHUR  |  FRIDAY, 29 OCT 2021
Bell Asset Management chief executive Nick Fels has joined the board of the Financial Services Council (FSC). Fels has more than 30 years' experience in the financial services industry. He has been chief executive of Bell Asset Management since 2017 ...

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... Passport, two Life Insurance Codes and the Stewardship Code for fund managers. Loane said she has been privileged to lead the FSC, representing its 111 members across superannuation funds, funds management, life insurance, advice licensees and trustee ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
The landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
The financial advice industry welcomes the Financial Services Council (FSC) recommendations to help reduce red tape and make financial advice more affordable, but one dealer group is unsure whether the FSC is trustworthy - particularly for risk advisers. ...