Changes to FoFA best interests duty will not impact consumers: New legal advice

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The Financial Services Council has obtained new legal advice which confirms proposed amendments to the best interests duty in the FoFA amendments will continue to require a financial adviser to

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AIA Australia CEO elected to FSC Board

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The Chief Executive Officer of life insurer AIA Australia, Peter Crewe,  has been appointed to the board of the Financial Services Council. Peter ‘s appointment comes on the back of

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FSC slams Fair Work Commission involvement in MySuper

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The Financial Services Council briefed government and Treasury yesterday on the excessive costs associated with the Fair Work Commission process for selecting MySuper default funds and is calling for the

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Time to assess the age pension eligibility

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FSC 2014-15 Federal Budget Submission The Financial Services Council has called on the government to consider whether the income and asset tests for the Age Pension are too generous and

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Private disability insurance can relieve the public purse

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Life insurance can play a major role in reducing government welfare expenditure on the Disability Support Pension (DSP) and National Disability Insurance Scheme (NDIS) according to the Financial Services Council.

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FSC welcomes clarity on outstanding tax and superannuation measures

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“The government’s announcement on the backlog of unlegislated tax and superannuation measures provides long overdue certainty to the Financial Services industry,” Financial Services Council CEO John Brogden said today. Mr

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FSC commends discussion on default superannuation and governance

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The government’s move to examine the issue of competition in default superannuation system under modern awards has been commended by the Financial Services Council. This follows the release of a

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FSC calls on Commission of Audit to recommend raising the preservation age

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The Financial Services Council will be calling on the Commission of Audit to recommend raising the preservation age for superannuation to relieve the increasing strain on the economy as the

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Financial system inquiry is pivotal for the industry’s evolution

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The draft terms of reference for the financial system inquiry announced by the Prime Minister and Treasurer last night, provide a framework for the evolution of Australia’s financial services industry

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FSC’s response to Government’s abolishment of $100k superannuation measure

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“The Government is returning certainty and stability to superannuation policy,” John Brogden, CEO of the Financial Services Council said today in response to the announcement by Joe Hockey and Arthur

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