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Showing 31 - 40 of 1061 results for %22Financial Services Council%22

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... what broadening the definition of intra-fund advice means for their operations. Jones told a recent Financial Services Council event that trustees can expect to offer more holistic financial advice as part of the federal government's adoption of ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... its highly regulated framework will place trustees in good stead to make advice more accessible. At a Financial Services Council breakfast this morning, Jones clarified that superannuation funds will be able to offer advice at every stage of a member's ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... In total, she has served close to 17 years with the central bank. Her responsibilities at the RBA have included the financial system, business services, the currency, and the payments system. She holds a Masters of Science (Economics) degree from the ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... difficult," Salis wrote. "The superannuation industry does not escape this change. A 2017 study by the Financial Services Council also found that even though 70% of Millennials had a superannuation account, they are uninterested and unengaged with it." ...

IFM Investors names chair

CHLOE WALKER  |  MONDAY, 26 JUN 2023
... minister for finance and deregulation from 2007 to 2010. He has extensive experience in corporate governance and advising financial and asset managers, including as a special advisor to Lazard Australia for over 10 years. Tanner is currently a director ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... must be clearly outlined in the SoA, has also been embraced by advisers. Estimates by KPMG and the Financial Services Council in 2021 calculated the advice process to cost $5334.64. By removing the Safe Harbour Steps, this will reduce the cost of financial ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... members." Members should consult a financial adviser before acting on performance test notifications, the Financial Services Council chief executive Blake Briggs said. Briggs believes the government's pursuit of "rough justice for underperforming ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... meaningfully improve access to advice, without watering down important consumer protections," he said. The Financial Services Council (FSC) thinks Jones is making the right move to prioritise fixing the broken state of financial advice under Stream One ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
The Financial Services Council (FSC) released an updated template Target Market Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... of a super fund is first and foremost to satisfy the Sole Purpose Test, deliver investment returns and look after the financial interests of their members." Dunnin added the task of a super fund isn't to solve climate change or address every social ...