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Showing 521 - 530 of 737 results for "FSC"

FSC and ISA both claim Federal Court victory

JAMES FERNYHOUGH  |  TUESDAY, 10 JUN 2014
Both the Financial Services Council (FSC) and Industry Super Australia (ISA) have claimed a victory in the Federal Court, even though the court's orders essentially uphold the FSC's objections. At the end of Friday's hearing over the composition of ...

Federal Court hears FSC's complaints against FWC

JAMES FERNYHOUGH  |  FRIDAY, 6 JUN 2014
The Financial Services Council (FSC) has put its case against the composition of the Fair Work Commission (FWC) Expert Panel to the Federal Court in Sydney this morning. The FSC's counsel put forward three points challenging the current composition ...

Ross signals he will step down from Expert Panel

JAMES FERNYHOUGH  |  THURSDAY, 5 JUN 2014
Justice Iain Ross has told the Financials Services Council (FSC) he will step down from the Fair Work Commission (FWC) superannuation Expert Panel if a new expert member is appointed. Ross, who is president of the FWC, made the statement in response ...

FSC puts pressure on Ross ahead of FWC court hearing

JAMES FERNYHOUGH  |  TUESDAY, 3 JUN 2014
... resignation of MTAA director Vicki Allen from the superannuation expert panel, comes days before the Financial Services Council (FSC) and the FWC are due to meet in Federal Court. In a letter to Employment Minister Eric Abetz following Allen's resignation ...

FSC-ISA court clash to go ahead

JAMES FERNYHOUGH  |  TUESDAY, 3 JUN 2014
The Financial Services Council (FSC) Federal Court hearing against the Fair Work Commission (FWC) will proceed, despite the resignation of MTAA's Vicki Allen from the expert panel. The hearing, which will take place later this week, will involve Industry ...

Government delays SuperStream deadline

JAMES FERNYHOUGH  |  TUESDAY, 27 MAY 2014
... contributions by November 2014 at the latest. Under the new regime they have until 1 July 2015. The Financial Services Council (FSC) welcomed the change, with chief executive John Brogden saying: "The FSC strongly supports the policy objectives of SuperStream. ...

Raise preservation age with some exceptions: FSC

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
The Financial Services Council (FSC) is pushing for an increase in the preservation age to 65, but with early access measures for those who are unable to work to that age. The FSC said that, with the Age Pension eligibility age set to rise to 70 by ...

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
The Financial Services Council (FSC) has issued an apology on Twitter after it wrongly stated that AustralianSuper collects $19 million a year for intra-fund advice. The tweet, which was issued on 22 May, stated: "$19 million collected by AustralianSuper ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Services Council (FSC) said that asking for a ban of commissions on general advice is "hypocritical" when intra fund advice itself is "non-transparent." FSC policy and global markets director Andrew Bragg and senior policy manager Cecilia ...

FSC serves boutique with 'surprise' exit fee

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
The Financial Services Council (FSC) has gone to the courts to force UCA Funds Management (UCA) to pay an $8,000 'resignation fee', a charge the fund claims it knew nothing about. UCA chief executive Michael Walsh told Financial Standard that when in ...