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

Search Results

Showing 31 - 40 of 682 results for "FSC"

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... impact around 500,000 individuals who are currently saving for retirement or have already retired. Financial Services Council (FSC) analysis of ATO data found a significant portion of Australian taxpayers will breach the cap in their lifetime and face ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... including Super Consumers Australia, the Australian Institute of Superannuation Trustees (AIST) and Financial Services Council (FSC) welcomed the increase in tax rates for super balances over $3 million, however Chartered Accountants ANZ and the SMSF ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... including Super Consumers Australia, the Australian Institute of Superannuation Trustees (AIST) and Financial Services Council (FSC) welcomed the increase in tax rates for super balances over $3 million. Super Consumers Australia director Xavier O'Halloran ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... retirement savings, and promoting equitable outcomes for women and low-income earners, Fahy added. The Financial Services Council (FSC) also welcomed the government's consultation on a proposed definition and objective for the super system. FSC chief ...

Superannuation objective: Australians want retirement income

ANDREW MCKEAN  |  FRIDAY, 27 JAN 2023
Financial Services Council (FSC) research found Australian's support legislating an objective for super that focuses on delivering retirement income. A focus group study conducted by CT Group revealed Australian consumers' awareness, understanding ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... Statements of Advice (SoAs). Concerning the cost of advice, KPMG research commissioned by the Financial Services Council (FSC) found the average cost of providing comprehensive advice is $5335 per client. Some paraplanners believe the cost of advice ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

Vanguard veteran announces retirement

CASSANDRA BALDINI  |  THURSDAY, 15 DEC 2022
... 12,000 Australian advisers. Outside of his Vanguard tenure, Bowerman served on the board of the SMSF Association, founded the FSC ETF working group and co-authored Wealth of Experience with Duffield. Vanguard Australia managing director Daniel Shrimski ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC), the QAR proposals will support consumers approaching or in retirement in three ways. Firstly, by increasing the provision ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
Appearing at the FPA Congress today, ASIC senior executive leader Leah Sciacca explained that all financial advisers will need to register with the ASIC Financial Services and Credit Panel, in addition to being registered on the Financial Advisers Register. ...