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Showing 571 - 580 of 841 results for "Financial Services Council"

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 ...

FSC appoints AMP exec to the board

LAURA MILLAN  |  TUESDAY, 20 MAY 2014
The Financial Services Council (FSC) has appointed AMP group executive of insurance and superannuation to its board. Pauline Blight-Johnston has more than 20 years' experience in the financial services industry and has held senior executive positions ...

States urged to recycle infrastructure

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... Super Australia's Matt Linden said he was "overwhelmingly positive" about the initiative, while the Financial Services Council's John Brogden said super funds have "an appetite to invest in infrastructure". Western Australia Treasurer Mike Nahan was ...

SPAA applauds tax changes to excess contributions

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
... superannuation concessional contributions cap to $30,000 per annum for people under 50, a move welcomed by the Financial Services Council (FSC). "This shows a commitment to help Australians self-fund their retirement," FSC chief executive John Brogden ...

Delay in SG rise 'disappointing', says industry

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
... community, with ASFA consumer research showing almost four in five Australians support the measure." The Financial Services Council (FSC) was more expressive in its opposition to this delay in the SG rise, with chief executive John Brogden saying: "The ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... obligation to provide fee disclosure statements and the separation of general and personal advice. The Financial Services Council (FSC) asked the Senate Economics Committee to repeal the opt-in requirements, as well as the s961(B)(2)(g), which is the ...