Pause to FoFA changes prudent and sensible

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The Financial Services Council said the government’s decision to pause changes to the Future of Financial Advice (FoFA) regulations is prudent and sensible. John Brogden, CEO of the Financial Services

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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 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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Son of Wallis to set a benchmark for financial services

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The Son of Wallis inquiry will be a once in a generation opportunity to reposition Australia’s financial services industry for future growth and to set in train the right structure

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Asia Region Passport − a landmark agreement for Australia’s financial services

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The anticipated signing of the Asia Region Passport agreement at the APEC Finance Ministers’ meeting in Nusa Dua, Bali, Indonesia will be the most significant trade related development to date

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FSC says the government has appointed a strong Treasury team

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The Financial Services Council has welcomed the new appointments to the Treasury portfolio. John Brogden CEO of the Financial Services Council said: “With Joe Hockey, Arthur Sinodinos and Steven Ciobo

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Australians overwhelmingly support superannuation but want more transparency

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FSC-ING DIRECT Report: Superannuation − Australia’s View Australians overwhelmingly support superannuation with a clear majority backing a rise in compulsory contributions to 12 per cent according to a report, Superannuation

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FSC says governments should be consolidating superannuation not taking it

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Financial Services Council CEO, John Brogden said today the government’s announcement today to increase the threshold for inactive superannuation accounts from $2,000 to $4,000 then to $6,000 is unfair. “We

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FSC and ISN announce united stance on the future of superannuation

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In an unprecedented move for retail and industry superannuation, the Financial Services Council (FSC) and Industry Super Network (ISN) have today announced that they will work together on the critical

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