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Life insurers fork out more for mental health
HARRISON WORLEY  |  MONDAY, 22 JUN 2020
... Australians take longer to return to work, according to new analysis. The latest edition of KPMG and the Financial Services Council's five year study on life insurance claims shows Australian life insurance companies are paying out record amounts in ...
Labor calls for end to war on super
HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... work together for the benefit of the nation. Jones' speech comes as Liberal Senator and former Financial Services Council policy director Andrew Bragg releases his book on how to fix the superannuation system, which includes suggestions on opening ...
Report reveals superficiality of ESG pledges
ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... Investment Association of Australia were more likely than non-members to disclose, members of the Financial Services Council (FSC) were actually less likely to disclose their voting than non-members. Only two out of 10 FSC members disclosed a complete ...
FASEA extension en route
HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... members are calling on the Senate to pass the bill at the next parliamentary sitting on 10 June." The Financial Services Council welcomed the decision on Twitter, and said it would "help promote quality financial advice". 'We support the Government's ...
Super advocate takes FSC to task over TPD tests
HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... insurance industry to eradicate "junk terms" from total and permanent disability insurance, after the Financial Services Council committed to ensuring TPD cover wouldn't be impacted if people lost their jobs or were stood down or working less hours ...
Merging super funds guaranteed tax relief
HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... The most recent extension was due to expire on July 1. However as a result of the bill's passage, Financial Services Council chief executive Sally Loane said the parliament had removed a significant barrier to fund mergers. "With many merger and consolidation ...
Super funds need to act like banks: PM
ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... dealing with the economic issues that we're dealing with at the moment." A spokesperson from the Financial Services Council told Financial Standard: " Superannuation funds are one of large and important pools of capital in our economy, along with ...
FSC appoints deputy chief executive
ALLY SELBY  |  TUESDAY, 14 APR 2020
The Financial Services Council (FSC) has appointed a former Westpac head as its deputy chief executive. Blake Briggs nabbed the role after spending two years as Westpac's head of government affairs, and will rejoin the FSC in May. Briggs previously ...
No exclusions for frontline workers
ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... healthcare workers will not be prevented from obtaining life insurance cover due to COVID-19. The Financial Services Council said the commitment comes on behalf of participating life insurance FSC member companies. "Frontline healthcare workers are a ...
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 ...
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