Investment Manager Regime legislation is significant for financial services trade

From

The Investment Manager Regime (IMR) legislation, passed through Parliament this week, will remove uncertainties for foreign investors on how Australia’s tax laws apply to foreign funds. Financial Services Council (FSC) CEO,

continue reading

Enhanced register of financial advisers will increase transparency for consumers

From

The significant number of Australians who have accessed the Financial Advisers Register since it was launched in March 2015 is a positive sign that it will provide consumers with the

continue reading

FSC welcomes Royal Commission discussion paper: potential to open the superannuation market to competition and choice 

From

The Financial Services Council welcomes The Trade Union Royal Commission Discussion Paper – Options for Law Reform which identifies inherent conflicts in the superannuation system. The discussion paper states: “…potential

continue reading

FSC Statement on the 2015 Federal Budget

From

The Financial Services Council has welcomed the 2015 Federal Budget handed down by the Treasurer. Sally Loane, CEO of the FSC said: “Tonight is the first Budget in recent memory

continue reading

FSC comment on early access to superannuation

From

The Financial Services Council (FSC) welcomes the announcement that the Commonwealth will reform the early access arrangements to superannuation for Australians with terminal illnesses. The rigid superannuation access laws will

continue reading

Age pension tightening: a good start on national retirement policy  

From

As Budget week begins, the Financial Services Council welcomes the tightening of the age pension announced by Minister for Social Services, Scott Morrison. This is one step towards developing a

continue reading

FSC Statement on FSI Submission to Treasury

From

The Financial Services Council yesterday released its submission to Treasury on the final report of the Financial System Inquiry. Sally Loane, CEO of the Financial Services Council said: “The Financial System

continue reading

FSC Statement on Opposition’s announcement on super

From

The Financial Services Council said yesterday that the Intergenerational report has shown that Australia’s ageing population will continue to place pressure on the Federal Budget. A national retirement policy should include

continue reading

Super reform needed to drive lower fees  − FSC Statement on the Grattan Report

From

The Financial Services Council welcomes the Grattan Report on superannuation released yesterday. Superannuation fees are higher than they should be. Reforms to both governance and structure of the default superannuation

continue reading

FSC Statement on ASIC’s national register of advisers

From

The Financial Services Council said that national register of advisers launched by ASIC is an important step in the overall process for rebuilding trust in the advice industry. Sally Loane,

continue reading