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Showing 41 - 50 of 741 results for "FSC"

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... immensely grateful for his leadership to help deliver better outcomes for all Australians." The Financial Services Council (FSC) also commended Jones for his hard work and dedication to the financial services industry. FSC chief executive Blake Briggs ...

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... $1.7 billion per year to the economy and can make Australia a serious financial services hub, the Financial Services Council (FSC) says. New modelling shows that financial services could also earn $2 billion in export revenue, while productivity in the ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
The Financial Services and Credit Panel (FSCP) reprimanded two financial advisers who each failed to provide a thorough assessment of their clients' tax liabilities. The first financial adviser, identified as only "Mr. C", was reprimanded for recommending ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
The Albanese government has reappointed 24 members to the Financial Services and Credit Panel (FSCP) for a three-year period beginning 1 January 2025. The candidates bring with them a range of knowledge and experience across the fields of business ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
A Matrix Planning Solutions adviser is suspended from providing advice for the next three months after failing to supply Statements of Advice (SOAs) where required. Ian Reid, the principal adviser at Temora's A&B Financial Planning, was suspended for ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... impact on the group's ability to manage client capital." The charge forms part of the Korean Financial Services Commission (FSC) cracking down on short-selling practices following a market-wide review, with indictments being issued against global ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... per annum for the last two years as verified by a professional accountant's certificate. The Financial Services Council (FSC) proposes changing the net asset threshold to $5 million, including the family home. It also recommends a two-year transition ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... sector has $366.2 billion in assets under management (AUM) held by 3.9 million member accounts. Financial Services Council (FSC) chief executive Blake Briggs also said that platform investment options included in the test are misclassified as trustee ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... trustees to account for delivering the best financial outcomes for members". In its submission, the Financial Services Council (FSC) wrote that while the test has promoted market consolidation, reduced fees, and ultimately delivered better outcomes for ...

EQT wins RE mandate from Woodbridge

KARREN VERGARA  |  MONDAY, 12 AUG 2024
Equity Trustees (EQT) has taken over as Responsible Entity (RE) for the Woodbridge Private Credit Fund. EQT Responsible Entity Services replaced AGP Investment Management from August 1. The Woodbridge Private Credit Fund aims to provide a return of ...