Financial sector needs to seize the moment & focus on international opportunities

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The current environment could not be better for Australian entrepreneurs and business people – especially those in the financial services sector to seize the moment and capitalise on the commercial

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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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Band-aid solution: FPA replies to call for Board to oversee advice industry

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The Financial Planning Association of Australia (FPA) yesterday rejected the Financial Services Council’s (FSC) call for a new statutory advice board to oversee the Australian financial advice industry, labelling it

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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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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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Australian superannuation returns third highest in the world

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Research for the Financial Services Council released yesterday shows Australia has the third highest superannuation fund returns in the world. The research was prepared for the FSC by Deloitte Access Economics

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Australia needs to build a strong financial services export industry

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Australia needs to significantly grow its financial services export industry over the next decade to ensure future employment and economic growth,  Greg Cooper, CEO of Schroder Investment Management Australia and

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FSC-DST CEO Survey reveals technology plays major role in delivering innovation

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New research has revealed that technology is essential to driving innovation in the financial services sector to meet changing customer needs and improve customer service, according to the 2014 FSC-DST

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Fair Work superannuation process will cost $400 million

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The selection process by the Fair Work Commission (FWC) for default superannuation funds under Modern Awards will cost superannuation fund members a staggering $400 million if it is allowed to

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