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Showing 1 - 10 of 100+ results for "FSC"

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
The Financial Services Council (FSC) and 60 of its members have worked together to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... many more workers are in funds that will not be tested," ISA said in a statement. Meanwhile, the Financial Services Council (FSC) disagreed and said the reforms are a significant win for consumers, particularly regarding the stapling recommendation and ...

Directors added to FSC board

JAMIE WILLIAMSON  |  THURSDAY, 17 JUN 2021
... than 25 years' experience, having also spent more than a decade at Macquarie and served as chief operating officer of TAL. FSC chair David Bryant - who is also chief executive of Mercer Australia - said the wisdom and expertise of both West and Delaney ...

Life Code Compliance Committee chair named

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
... earlier this year. The LCCC was established in 2017 and is the independent body responsible for overseeing compliance with the FSC Life Insurance Code of Practice. It is the industry's first consumer facing code designed to promote high standards of ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... reduced fees in recent years, according to minister for superannuation Jane Hume. Speaking at the Financial Services Council (FSC) post-budget briefing, FSC deputy chief executive Blake Briggs questioned whether the addition of administration fees would ...

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 ...
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