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FSC
Superannuation
Routine investment transactions are at risk of being caught up in proposed merger and acquisition (M&A) reforms, industry bodies have warned....
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...
Superannuation
The FSC is pushing for the government to enshrine the objective of super in law ahead of the next election in response to the growing “politicisation” of the sector....
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...
Superannuation
New research by the Financial Services Council reveals Australians largely agree with the government’s proposed wording for the objective of superannuation towards retire...
Insurance
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insu...
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...
Funds management
Over 65 per cent of flows into the $4.3 trillion funds management industry come from superannuation, according to a report by KPMG and the FSC, but unintended consequence...
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
Unveiling the 2023 Intergenerational Report, Treasurer Jim Chalmers has called the retirement phase of super the government’s next frontier and flagged further consultati...
Superannuation
Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members....
Post retirement
Ensuring retirees draw down enough of their super and avoid fears of running out is crucial for the retirement income system, according to a panel of retirement experts....
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 ...