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Showing 1 - 10 of 794 results for "Financial Services Council"

Former abrdn MD takes on chief executive role

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... abrdn, mostly in senior wealth, funds and business management roles. He also sat on the board of the Financial Services Council for six years. Hearts and Minds chair Chris Cuffe thanked Rayson for his tenure, saying he has been instrumental in the establishment ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... $250,000 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 ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... non-platform 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 ...

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 ...

Choice products require fairer framework: FSC

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

New shadow assistant treasurer's vision for advice, super

ANDREW MCKEAN  |  WEDNESDAY, 31 JUL 2024
... Review (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 ...

Canned 'golden visas' ruffles fund managers

KARREN VERGARA  |  THURSDAY, 18 JUL 2024
... high-growth 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 ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... access to financial advice for the five million Australians at or approaching retirement," he said. Financial Services Council chief executive Blake Briggs said the government's amendments will provide superannuation trustees greater legal certainty ...

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 ...

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
... was previously awarded ASFA Lifetime Membership, ASFA Distinguished Service Award, and the inaugural Financial Services Council Industry Excellence Award. Incoming chair Future Fund chair Greg Combet was awarded Officer of the Order of Australia in the ...
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