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Showing 81 - 90 of 100+ results for "Financial Services Council"

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... times. The most recent extension was due to expire on July 1. However as a result of the bill's passage, Financial Services Council chief executive Sally Loane said the parliament had removed a significant barrier to fund mergers. "With many merger and ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... dealing with the economic issues that we're dealing with at the moment." A spokesperson from the Financial Services Council told Financial Standard: " Superannuation funds are one of large and important pools of capital in our economy, along with ...

FSC appoints deputy chief executive

ALLY SELBY  |  TUESDAY, 14 APR 2020
The Financial Services Council (FSC) has appointed a former Westpac head as its deputy chief executive. Blake Briggs nabbed the role after spending two years as Westpac's head of government affairs, and will rejoin the FSC in May. Briggs previously ...

No exclusions for frontline workers

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... frontline healthcare workers will not be prevented from obtaining life insurance cover due to COVID-19. The Financial Services Council said the commitment comes on behalf of participating life insurance FSC member companies. "Frontline healthcare workers ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... release provisions have been largely supported by some stakeholders such as Grattan Institute and the Financial Services Council. However, it has also been panned by others including Industry Super Australia and Labor who have argued dipping into superannuation ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... remembering that the workforce of many funds are working remotely just like other affected businesses." The Financial Services Council said it supported the package - which also includes another reduction to social security deeming rates to reflect the ...

Life insurers are doing their best: FSC

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
The Financial Services Council has responded to a largely damning report from the Life Code Compliance Committee, arguing it is silent on positive changes the industry has made. The report looked at cases dating back to June 2017 and found that timeframes ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
The Financial Services Council (FSC) has called for the government to cap compensation claims over financial misconduct at "reasonable levels" so as not to create a "moral hazard". In a submission to the Treasury's Compensation Scheme of Last Resort ...

FSC sheds light on cancer impact

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
... billion paid out in the last financial year. According to data produced in partnership between the Financial Services Council and KPMG, Australia's life insurers paid out around $1.55 billion in claims associated with cancer in the year to 30 June 2019. ...

Regulators should face consequences for non-compliance: FSC

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
The Financial Services Council is calling for ASIC and APRA to face consequences for failing to cooperate with one another. In a submission to Treasury on exposure draft legislation for the Financial Regulator Reform (No.2) bill, the FSC said it generally ...