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financial services council
Superannuation
The Government has directed the Productivity Commission (PC) to conduct an inquiry into default superannuation funds in modern awards - something Labor promised as far ba...
Superannuation
Forcing superannuation funds to disclose the "minute details" of each member's position would increase costs and confuse members, according to Financial Services Council ...
Superannuation
The Financial Services Council (FSC) and the Association of Superannuation Funds of Australia (ASFA) have argued that director remuneration must be publicly disclosed....
SMSF
SMSFs are not moving heavily into the direct residential property sector and instead opting for cash and equities as their dominant investment assets....
SMSF
One of Australia’s regulators fears self-managed super funds could expose investors to inappropriate borrowing strategies, but doesn’t see a role for itself in guarding t...
SMSF
SMSF contributions increased by 15 per cent for the 2010-11 year, representing an increase of $3 billion, according to the Financial Services Council's Bond Report on SMS...
Financial advice
MySuper funds now account for one fifth of the total superannuation pool but compulsory contributions have while discretionary contributions jumped rapidly...
Financial advice
FSC has responded to a repeated call by ISA to restrict the default funds under the MySuper system claiming it is protectionist behaviour that exploits a loop-hole in the...
Financial advice
FSC CEO John Brogden has labelled the current default superannuation process a racket, and said it is conflicted and anti-competitive....
Financial advice
Industry Super Australia has condemned the FSC’s proposal to take professional standards out of lawmakers hands and instead put the onus on a unified industry body. ...
Financial advice
The FSC has called for a new ASIC commissioner to look after international regulatory issues....
Financial advice
The FSC has ramped up its campaign to have the Government change the default fund selection regime....
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 ...