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Showing 81 - 90 of 837 results for "Financial Services Council"

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... must be clearly outlined in the SoA, has also been embraced by advisers. Estimates by KPMG and the Financial Services Council in 2021 calculated the advice process to cost $5334.64. By removing the Safe Harbour Steps, this will reduce the cost of financial ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... members." Members should consult a financial adviser before acting on performance test notifications, the Financial Services Council chief executive Blake Briggs said. Briggs believes the government's pursuit of "rough justice for underperforming ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... meaningfully improve access to advice, without watering down important consumer protections," he said. The Financial Services Council (FSC) thinks Jones is making the right move to prioritise fixing the broken state of financial advice under Stream One ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
The Financial Services Council (FSC) released an updated template Target Market Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global ...

Ignition Advice appoints Sally Loane as chair

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
The former Financial Services Council (FSC) chief executive succeeds Peter Meurer who is stepping down from the role after eight years. Loane is an experienced chair, non-executive director, and business leader. Aside from her tenure with the FSC between ...

Geoff Lloyd to chair Stake

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... agreement to be acquired by IOOF. This period also marked his departure from the role as chair of the Financial Services Council. Since then, Lloyd has spent time collaborating with and investing in fintech start-ups both locally and internationally. ...

Atrium hires abrdn wholesale lead

ELIZABETH FRY  |  FRIDAY, 19 MAY 2023
... business development adviser and finally a director last year. In 2017, Mitchell did a stint on the Financial Services Council committee. Atrium head of client investment services David Dix welcomed Mitchell to Atrium. "Laura joins Atrium as a sales ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... not indexed is also problematic." Hutton isn't the only one who shares this view. Earlier in the year Financial Services Council (FSC) analysis of ATO data found a significant portion of Australian taxpayers will breach the cap in their lifetime. It ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... retirees and improve retirement income by up to 20%. This is one of three recommendations presented by the Financial Services Council and NMG Consulting in their newly released report, A roadmap for Australian retirement income policy. The research argues ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... consumer interests by targeting poor performing super funds. Responding to yesterday's release, Financial Services Council (FSC) commended the government for listening to feedback from the investment and superannuation sectors by including ten new ...