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Search ResultsShowing 1 - 10 of 100+ results for "FSC"
Government opens consultation on key advice reforms
JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...
FSC proposes new advice model
KARREN VERGARA  |  MONDAY, 19 APR 2021
... recommendations in a new green paper, Affordable and accessible advice, underpinned by Rice Warner and a consumer-focus group. The FSC is calling for a simpler advice model that is consistent with the new Design and Distribution Obligations (DDO), which ...
FASEA chair to remain
ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
The chair of the Financial Adviser Standards and Ethics Authority (FASEA) has been reappointed and will continue in the role on a part-time basis until the organisation is wound up. Minister for superannuation, financial services and the digital economy ...
Include ESG in BFID: FSC
KANIKA SOOD  |  TUESDAY, 13 APR 2021
The Financial Services Council (FSC) wants superannuation funds' ESG investments to be included in the proposed Best Financial Interests Duty. The government's BFID wants super trustees to make decisions that are in best "financial" interests of their ...
DDO to simplify general, personal advice
ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... distribution obligations coming into effect later this year, according to a lawyer. Speaking at a Financial Services Council (FSC) event King & Wood Mallesons partner Nathan Hodge said the DDO imposes a lot more implications for product providers and ...
FSC defends retail super funds
ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... big banks and for-profit super sector allowing them to take up to $10 billion a year in profit despite poor performance. The FSC has now hit back at those claims, labelling them incorrect and not credible. "The allegation that $10 billion was "taken ...
NEOS shakes up leadership team
KARREN VERGARA  |  MONDAY, 1 MAR 2021
... product, marketing, strategy and operations. Moffitt previously worked at Genworth, EY and OnePath. In 2017, he was named the FSC Industry Leader of the Year for his contribution to the industry. Phil Sandford has taken on the head of finance role, while ...
Continuous disclosure laws to stay
KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... after implementation, chief executive Sally Loane said, but is concerned about the performance benchmarks. "To be clear, the FSC supports weeding out underperforming funds. Duds need to go, we don't care if they are run by a profit-making company ...
FSC appoints new board member
ELIZABETH MCARTHUR  |  MONDAY, 1 FEB 2021
The Financial Services Council (FSC) has appointed MLC Wealth acting managing director Andrew Morgan to its board. Morgan joined MLC Wealth in 2019 as chief corporate services officer before becoming acting managing director in November 2020, after ...
Former UBS GAM executive joins CBA incubator
KARREN VERGARA  |  THURSDAY, 28 JAN 2021
... team in the Americas prior to moving to Australia. During his tenure at UBS GAM, Heap served as non-executive director of the FSC for two years. Since that time, Heap founded H2 Ventures, a fintech-focused venture capital fund and currently serves as ...
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