New analysis shows need for competition in super to protect consumers

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New research by the Financial Services Council (FSC) demonstrates that modern awards supress competition in the superannuation system to the detriment of consumers. A comprehensive analysis of the modern award

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FSC Statement on the Murray Report

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The Financial System Inquiry released on Sunday by the Government lays the foundation for a strong and efficient financial system for Australia. John Brogden, CEO of the Financial Services Council (FSC)

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Best of the best in Fintech innovation revealed in inaugural report

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A global report launched yesterday calls out the world’s ‘50 Best’ financial technology innovators. The report, ‘50 Best Fintech Innovators’ is the result of a collaboration between AWI, KPMG Australia and

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Consensus on grandfathering under FoFA a sensible outcome

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Support from the Parliament on grandfathering arrangements under the Future of Financial Advice (FoFA) reforms along with technical amendments is a sensible outcome the Financial Services Council said yesterday. Andrew

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Fund flows have doubled since 2010 – FSC Perpetual Report

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Funds flowing into Australian Managed Investment Trusts from overseas have doubled from $20 billion to $40 billion since 2010, according to a new report by Perpetual Limited and the Financial

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Reversal of FoFA regulations will cause havoc

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Disallowance of the Future of Financial Advice regulations will cause havoc for consumers and financial advice providers, the Financial Services Council said yesterday. John Brogden, FSC CEO said: “This disallowance

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Financial Services is now Australia’s largest industry

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It’s official: New South Wales is now the fastest growing state in Australia. This is due to a booming growth in financial services which accounts for 11.5 per cent of

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New agreements will give Australian fund managers direct access to China

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The China-Australia Free Trade Agreement (ChAFTA) along with measures to allow Australian fund managers direct access into China will significantly boost financial services trade between the two countries, the Financial

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Sally Loane will be the new CEO of the Financial Services Council

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Sally Loane has been appointed CEO of the Financial Services Council effective 8 December. She replaces John Brogden who will assume the role of CEO of the AICD in January

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Industry fund racket will not reduce superannuation fees

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Proposals from industry superannuation funds to the Murray Inquiry to further protect themselves from competition are desperate, unworkable and protectionist, the Financial Services Council said yesterday. Andrew Bragg, FSC Director

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