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Showing 321 - 330 of 755 results for "FSC"

Proactive group releases life insurance guidance

EMMA RAPAPORT  |  MONDAY, 13 MAR 2017
... group insurance data. Made up of the Australian Institute of Superannuation Trustees (AIST), the Financial Services Council (FSC), the Industry Funds Forum (IFF) and Industry Super Australia (ISA), the group released Guidance Note 33 - Best practice ...

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
... good faith, strict disclosure and capital adequacy rules, and the financial adviser best interest duty," Loane said. "The FSC strongly believes further regulation would be unnecessary. Self-regulation is an efficient way to bring about pro-consumer changes ...

Super funds trawling eBay for legacy parts

ALEX BURKE  |  THURSDAY, 2 MAR 2017
FSC chief executive Sally Loane believes financial services laws are "locking down" the industry and consumers into out-dated products. Speaking at the FSC State of the Industry address in Sydney, Loane said the problem is embedded to the extent where ...

Australia missing golden export opportunity

ALEX BURKE  |  WEDNESDAY, 1 MAR 2017
... equivalent jobs. If policy accommodated further management of offshore funds, these figures could be substantially higher. FSC senior policy manager for tax and economics Spiro Premetis noted that up to 80% of funds managed in Singapore is done so on ...

Super funds receive guidance on RG97

DARREN SNYDER  |  TUESDAY, 21 FEB 2017
... Superannuation Trustees (AIST), the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC) released the joint RG97 guidance note ahead of the regulator's transition period beginning 1 March 2017. RG97 has caused ...

The race is on for offshore investments

ALEX BURKE  |  TUESDAY, 17 JAN 2017
... market volatility in the wake of Donald Trump's election and Brexit; this is the point where fund managers, super funds and the FSC need to "talk about the value fund managers create." "We're going to be talking more about that this year," she explained. ...

FSC speaks out against elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
... Council affirmed its support of the Australian Law Reform Commission's proposed amendments to help combat elder abuse. The FSC commended the commission's development of a national plan to address elder abuse, particularly a reform that would see the ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... insurance. Chaired by Jim Minto, the ISWG is comprised of a governance board and a technical working group made up of ASFA, the FSC, Industry Super Australia, AIST and IFF, and also representatives from a range of super funds and insurance providers. ...

Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
... will become a strategic challenge to personal life insurance sold through financial advisers. 9. We were wrong about super: FSC chair The superannuation system was sold incorrectly to Australians, according to the Financial Services Council's recently ...

Top 10 financial planning stories in 2016

STAFF WRITER  |  TUESDAY, 20 DEC 2016
... financial advice spells doom for the industry, according to Affinia head Marcus O'Sullivan. Commenting on a panel at the 2016 FSC Leaders Summit in Melbourne, O'Sullivan said the severe lack of diversity in financial planning was a major hindrance to ...