FSC Statement on the Tax White Paper

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The Financial Services Council has welcomed the Tax White Paper as a “long awaited review of Australia’s tax system which must be supported by business and the broader community”. Sally

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Statement from the FSC on the Trowbridge Report

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The Financial Services Council has welcomed the independent Trowbridge Report which includes recommendations for structural changes to the life and advice industries. Former APRA Member, John Trowbridge, authored the report

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Full report: Trowbridge Review on retail life insurance advice

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The Trowbridge Report, released today, proposes a package of recommendations to achieve structural reform for the life insurance and advice industries. It has been produced in response to Australian Securities

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Government reverts to seven year threshold for unclaimed life insurance

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The Government’s announcement yesterday that it would amend the Life Insurance Act to revert to a seven year threshold for “lost” life insurance policies before they are deemed unclaimed monies is

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Investment Manager Regime legislation is significant for financial services trade

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The Government’s revised Investment Manager Regime draft legislation released today is a significant step in completing the Johnson reform recommendations and in bolstering financial services trade, according to the Financial

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Statement on the Intergenerational Report from the Financial Services Council

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The Intergenerational report released yesterday by the Federal Treasurer, is a clear signal to Australians that the status quo is no longer a viable option, the Financial Services Council said yesterday.

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Asia Region Funds Passport progressing

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The regional consultation paper on the rules and regulations on the Asia Region Funds Passport is a welcome next step in progressing trade in mutual funds across borders, the Financial

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Superannuation taxes alone won’t build sustainable retirement outcomes

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A sustainable national retirement outcomes policy will not be achieved by targeting tax treatment of superannuation in isolation the Financial Services Council said yesterday. In her maiden speech at the

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Private sector can reduce Government’s welfare costs −  FSC Federal Budget submission

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The private sector must take on a larger portion of the welfare costs associated with Australia’s ageing population the Financial Services Council (FSC) said yesterday. In its submission to the

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Trowbridge Review on Life Insurance and Advice – more than 130 submissions received

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More than 130 formal submissions have been received in response to the Trowbridge interim report for the Life Insurance and Advice Working Group (LIAWG) which was released on 17 December.

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