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Showing 661 - 670 of 737 results for "FSC"

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
... concerns. In a joint submission, the Australian Institute of Superannuation Trustees (AIST), the Financial Services Council (FSC), The Association of Superannuation Funds of Australia (ASFA) and Industry Super Network (ISN) have flagged issues in the ...

FSC launches life commission claw-back

BEN COLLINS  |  FRIDAY, 3 AUG 2012
... advisers repay their entire commissions on life insurance if a policy lapses in the first year. The Financial Services Council (FSC) will spearhead the claw-back system, which could see advisers repay 100% of their remuneration from the insurer if the ...

Portfolio Disclosure guideline released

LINDA HAUSKEN  |  THURSDAY, 2 AUG 2012
... managers can lag their portfolios up to 60 to 90 days under the proposed guidelines," he said. The Financial Services Council (FSC) guidelines will apply to all of its members once they become legislation. "While the FSC can only put out regulation for ...

AusSuper introduces new member risk framework

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... combining the two. The new approach factored in the Standard Risk Measure guidance released by the Financial Services Council (FSC) and Association of Super Funds of Australia (ASFA) last year. The purpose of this Standard Risk Measure is to allow super ...

Default fund listings unnecessary: FSC

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
The FSC has told a Productivity Commission hearing that the continuation of default fund listings in awards is not necessary following the introduction of MySuper. Speaking in Sydney this morning, Financial Services Council (FSC) chief John Brogden ...

US releases model FATCA agreement

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
... institutions to be exempt from the Foreign Account Tax Compliance Act (FATCA), according to the Financial Services Council (FSC). Both versions additionally address the legal compliance issues raised in connection with FATCA and simplify its implementation ...

Model FATCA intergov agreement imminent

MELANIE TIMBRELL  |  THURSDAY, 26 JUL 2012
Following talks with US Treasury officials, the FSC said a model intergovernmental agreement on FATCA would be released in the next few weeks. FSC chief John Brogden has urged the Australian government to take advantage of the option and act quickly ...

Treasury heavy handed on portfolio disclosure

BEN COLLINS  |  THURSDAY, 19 JUL 2012
... Australian Securities & Investments (ASIC) commissioner Greg Medcraft in 2011, both ASFA and the Financial Services Council (FSC) engaged AISC to form a working group to implement enhanced portfolio disclosure for both super funds, and managed investment ...

FSC focuses FATCA talk on govt agreement

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
Financial Services Council chief John Brogden is back in Washington DC arguing for a country specific exemption for Australian super funds to avoid compliance burdens associated with the contentious FATCA regime. Under draft Foreign Account Tax Compliance ...

Fix churn with watch list: AFA

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... would identify advisers participating in the practice. The AFA proposal is in response to recent Financial Services Council (FSC) calls for a crackdown on 'churning.' The watch list would extend as far as allowable under privacy legislation with insurers ...