FSC strongly supports enhanced public register of financial advisers

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The Financial Services Council strongly supports the Register of Financial Advisers announced last week by the Government. The register has significantly expanded the initial proposal to include details on financial advisers and their

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International Investment Fund Associations assemble in Canberra to discuss global issues

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At the 28th Annual Conference of The International Investment Funds Association (IIFA), held here this week, delegates from more than 27 countries met to discuss the challenges of an aging

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John Trowbridge to chair FSC-AFA life insurance working group

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Former APRA Member, Mr John Trowbridge, has been appointed independent chairman of the Life Insurance and Advice Working Group established by the Association of Financial Advisers (AFA) and the Financial

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Industry joins forces to address insurance issues

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Industry associations representing advice and life insurance will form a working group to address the issues raised by the ASIC report into life insurance released yesterday. The Association of Financial

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Damien Mu elected to FSC board

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Damien Mu, CEO of AIA Australia has been elected to the board of the Financial Services Council. “With more than 17 years’ experience in the Australian financial services industry, spanning

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New APRA data shows FSC member funds outperform industry funds

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The first report on MySuper performance and fees released by APRA yesterday is a game changer for the way superannuation is reported, the Financial Services Council said. Andrew Bragg, FSC Director

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Independent Statutory Advice Board is essential to regain trust

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The Financial Services Council is advocating for the establishment of a statutory, independent, Advice Competency Standards Board (ACSB) for financial advisers to rebuild the trust of consumers in financial advice, John

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Super guarantee delay will mean $128 billion less in savings for working Australians

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The Financial Services Council has calculated that working Australians will have $128 billion less in their superannuation savings by 2025 due to the delay of 12 per cent superannuation guarantee

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Australia needs a new framework for financial advice

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The Financial Services Council has called for new architecture for Australia’s financial advice industry. John Brogden, CEO of the FSC said: “Significantly improved adviser education, increased ASIC powers and greater

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Private insurance can reduce Federal Budget pressure

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FSC Financial System Inquiry submission: Phase 2 The current structure of Australia’s insurance framework is inhibiting product innovation, creating underinsurance and unnecessary public sector cost, the Financial Services Council said

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