Search ResultsShowing 1 - 10 of 100+ results for "Financial Services Council"
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 ...
Your Super, Your Choice debate heats up
ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
The Financial Services Council and the Australian Institute of Superannuation Trustees aired some grievances about the planned Your Superannuation, Your Choice legislation. FSC chief executive Sally Loane said while the FSC broadly supports the new ...
SGE extension could hurt small entities: FSC
HARRISON WORLEY  |  THURSDAY, 16 JAN 2020
The Financial Services Council has expressed its concerns with draft legislation seeking to extend the definition of significant global entities to ensure multinational tax avoidance rules apply to all relevant entities. In its submission to the government's ...
FSC, super sector steps up for bushfire affected
HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... debate over whether early access to superannuation savings should be made available. This week the Financial Services Council launched a tool to help bushfire affected Australians and their beneficiaries locate life insurance policies in the event they ...
APRA releases MySuper heat map
HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... lobbying movement united in stressing the importance of taking a cautious approach to the heat map. Financial Services Council chief executive Sally Loane said it should be understood that the heat map was a snapshot of a point in time, and not the whole ...
PREVIOUS
NEXT
Link to something waEayVI3