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financial services council
Financial advice
The industry body has recommended an approach that recognises unique advice needs, noting current super regulation and legislation is “overwhelmingly designed with simple...
News
Shadow assistant treasurer Luke Howarth has called for “fairness” and confirmed the Coalition will not go forward with the proposed Division 296 tax if it wins the next e...
Superannuation
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default pla...
Funds management
Removing barriers for superannuation funds to transition to modern investment products would result in members retiring with cumulatively $16 billion more by 2050, accord...
Superannuation
FSC chief executive, Blake Briggs, is calling for CGT relief to be extended to trustee-directed products to prevent members from being left in underperforming funds for t...
Superannuation
There is a governance risk regarding in-house management, according to FSC chief executive, Blake Briggs, as trustees may be reluctant to get rid of underperforming staff...
Expert Analysis
Insurance in superannuation has been through a tough period with multiple legislation changes affecting the product but the full impact remains to be seen....
SMSF
The SMSF Association have given its full support to the Financial Services Council’s ‘White Paper on Financial Advice’, saying it will help to deliver cost savings and pr...
Insurance
The council has proposed to prohibit terms in MySuper group life policies that could cause a claim to be declined in default group life insurance in superannuation on the...
Insurance
Stapling will be the biggest challenge to the group insurance model as super funds need to attract new members, according to a panel....
People and Products
Westpac head of government affairs for wealth, Blake Briggs will return to the Financial Services Council as deputy chief executive. ...
Superannuation
The Australian Securities and Investments Commission has confirmed it is working on the rules around the use of member reserves. ...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...