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Showing 1 - 10 of 100+ results for "Financial Services Council"

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
The Financial Services Council has announced that Sally Loane will step down as chief executive at the end of the year. Loane has led the industry body for seven years, including through the Royal Commission and its aftermath. In her time, Loane was ...

UBS names country head from BlackRock

ANNABELLE DICKSON  |  MONDAY, 18 OCT 2021
... Committee and a number of diversity and mentoring initiatives. Telfer is currently a member of the Financial Services Council Investment Experts Group. Prior to joining BlackRock in 2013, Telfer served as senior legal counsel and later as a director ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
The financial advice industry welcomes the Financial Services Council (FSC) recommendations to help reduce red tape and make financial advice more affordable, but one dealer group is unsure whether the FSC is trustworthy - particularly for risk advisers. ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
The reforms proposed by the Financial Services Council could reduce the time and cost to produce financial advice by more than 30% respectively. Modelling provided by KPMG Australia estimates that advisers incur $5334 to provide advice and spend 23.9 ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
The Financial Services Council (FSC) is introducing an enforceable standard that will prohibit the use of exclusions and restrictive disability definitions in default group life insurance for those who are in high-risk occupations. The standard will ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The Financial Services Council has highlighted numerous holes in the Compensation Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... to default life and TPD insurance in MySuper products are necessary or appropriate," Hume said. The Financial Services Council kicked off its consultation in August, asking stakeholders if such exclusions should be removed. The FSC said if a MySuper ...

Plan to increase competitiveness of managed funds

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... funds industry to attract greater offshore investment now and into the future," Frydenberg said. The Financial Services Council (FSC) welcomed the draft legislation. "The FSC has been advocating for the introduction of the CCIV for many years because ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...

New equality push in investments

ELIZABETH MCARTHUR  |  FRIDAY, 13 AUG 2021
The Financial Services Council is leading a new push for gender equality in investment management. The FSC launched the Women in Investment Management Charter, in a bid to improve female representation in the funds management industry. "The FSC surveyed ...
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