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Showing 41 - 50 of 837 results for "Financial Services Council"

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
Financial Services Council (FSC) chief executive Blake Briggs has said the regulatory pendulum for the superannuation, funds management, and financial advice sectors has swung too far over the last decade under successive governments. It's time for ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... are 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
... extra $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 ...

Former abrdn MD takes on chief executive role

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... abrdn, mostly in senior wealth, funds and business management roles. He also sat on the board of the Financial Services Council for six years. Hearts and Minds chair Chris Cuffe thanked Rayson for his tenure, saying he has been instrumental in the establishment ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... $250,000 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 ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... non-platform 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 ...

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 ...

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... default superannuation, putting advised clients with complex needs at a disadvantage, according to the Financial Services Council (FSC). A new report by the FSC and NMG Consulting is calling for Choice products to have "wider guardrails given the high ...

New shadow assistant treasurer's vision for advice, super

ANDREW MCKEAN  |  WEDNESDAY, 31 JUL 2024
... Review (QAR) recommendations and wouldn't go back to the drawing board, at an event hosted by the Financial Services Council (FSC) this morning. Discussing the Liberal Party's plans for the financial services industry should it form government ...

Canned 'golden visas' ruffle fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
... high-growth potential companies, innovation, entrepreneurship, employment, and economic growth," he said. The Financial Services Council (FSC) estimates SIVs attracted $15 billion from investors, mainly from China. Some $2.7 billion of this is in venture ...