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Showing 61 - 70 of 755 results for "FSC"

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 ...

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... 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 level ...

New shadow assistant treasurer's vision for advice, super

ANDREW MCKEAN  |  WEDNESDAY, 31 JUL 2024
... (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 at the ...

Canned 'golden visas' ruffle fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
... 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 capital ...

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ...

Equity Trustees hit with fine by APRA

ELIZA BAVIN  |  WEDNESDAY, 5 JUN 2024
The Australian Prudential Regulation Authority (APRA) has fined Equity Trustees Superannuation $782,500 for failing to meet its legal obligations to report data to APRA. EQT breached the requirements of the Financial Sector (Collection of Data) Act ...

FSC launches digital advice group

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
The Financial Services Council (FSC) continues to expand into financial advice by taking on a digital advice association that flagged its formation one year ago. The Digital Advice Expert Group is now part of the FSC, founded by moneyGPS chief executive ...