CPD: Financial consumer protection – part 3 – adviser priority checklist and calendar

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In a continuation of our series on Financial Consumer Protection, this article examines the latest raft of regulatory changes that will impact – directly and indirectly – financial advisers from 2021 onwards. Self-licensed advisers in particular may find themselves surprised about how much work is involved in meeting their new obligations, with the devil –

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Call to open up infrastructure investment to all super funds

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The SMSF Association and the Financial Services Council (FSC) are urging the reconstituted National COVID-19 Commission (NCC) Advisory Board and the National Cabinet to expand the role that superannuation funds can play in infrastructure investment as a critical element in generating the economic growth needed to lift Australia out of recession. The SMSF Association and

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COVID total and permanent disability claims initiative

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The life insurance industry has put further steps in place to support Australians through the unprecedented public health and economic impacts of COVID-19. Last week the Financial Services Council (FSC) announced an initiative on behalf of participating life insurance member companies to ensure that if people lose their job, are stood down or have reduced

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Industry combines to urge Australians to understand and act ahead of Protecting Your Super changes on 1 July

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Two of Australia’s peak representative bodies in financial services have combined to create a public education campaign around the upcoming Protecting Your Super changes taking effect on 1 July. The campaign, titled “When did you last check your super”, was developed by the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC), on

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Politicians monitored for sleep, steps as part of life insurance wellness programs

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The Financial Services Council, which represents most of Australia’s life insurers, has launched the inaugural Parliamentary Friends of Insurance Group alongside MLC Life Insurance and AIA Australia. At a launch event in Canberra on Wednesday 18 October, fitness data for three federal politicians – Senator Deborah O’Neill, Senator Dean Smith and Ms Terri Butler MP

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Financial services leaders in Japan and Korea ahead of Asia Region Fund Passport kick-off

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The Financial Services Council (FSC) is leading a delegation of senior Australian funds management executives to South Korea and Japan this week to promote trade opportunities ahead of the commencement of the Asia Region Funds Passport regime at the start of next year. Senator the Hon Mathias Cormann, Finance Minister and Deputy Leader of the

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FSC questions need for Royal Commission

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Inquiries into the financial services sector have cost the industry more than $3 billion since the global financial crisis, Sally Loane, chief executive officer of the FSC, told industry executives at a lunch in Melbourne organised by public relations firm Pritchitt Partners yesterday. “Currently there is the Parliamentary Joint Committee Inquiry into Life Insurance, a

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Outcomes from the SMSF Association/Financial Services Council’s Women, Super and Wealth Summit

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The SMSF Association (SMSFA) and Financial Services Council (FSC) were proud to host the Women, Super and Wealth Summit in Sydney last week. The Summit brought together a range of thought leaders from across government and financial services, placing the spotlight back on the need to ensure that the gender gap in superannuation is closed

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SMSFA and FSC conference to focus on women’s super issues

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The SMSF Association and the Financial Services Council (FSC) are joining forces to promote a day-long conference to examine the critical issue of why women retire with superannuation balances substantially lower than men. The issue will be examined from all angles over eight sessions that will boast some of the best thinkers in the superannuation

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Asia remains leading provider of funds for Australian managers

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While the strength of the Chinese economy remains a major talking point, the 2016 Australian Investment Managers Cross-Border Flows report highlights just how important the rest of Asia remains when it comes to money flowing into Australia. The report, co-authored by the Financial Services Council (FSC) and Perpetual, provides a unique insight into the nature

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