FSC supports better governance for superannuation funds

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The Financial Services Council welcomes the Assistant Treasurer’s announcement yesterday which clarifies how draft legislation will be amended to improve superannuation governance. Reform of the governance arrangements for all of Australia’s superannuation

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More competition in super needed to reduce fees

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Superannuation fees are too high. More competition is needed across the superannuation industry to reduce fees so Australians can have extra savings in retirement, the Financial Services Council said yesterday.

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FSC CEO calls for 12 per cent super by 2022

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The Financial Services Council CEO, Sally Loane will be calling for bipartisan commitment to 12 per cent superannuation contributions by 2022 in her keynote speech to the FSC Annual Conference

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FSC supports super initiatives for women

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The Financial Services Council wholeheartedly supports the initiatives announced by ANZ today to support womens’ engagement in their financial futures and the practical measures designed to assist them in closing

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ASIC brings disclosure into the digital age

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New measures announced in ASIC’s updated Regulatory Guide 221, released yesterday will bring the delivery of disclosure documents into the digital age. Sally Loane, CEO of the Financial Services Council (FSC)

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FSC statement on the Productivity Commission’s report on retirement policy

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The Productivity Commission’s report on retirement policy released today highlights the economic imperative of boosting mature age workforce participation. Sally Loane, CEO of the Financial Services Council said: “Australia’s tax

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FSC Statement on Superannuation Governance

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The Government has announced major reforms to improve governance standards in the superannuation industry requiring all superannuation trustee boards to have independent directors and an independent chair. This requirement will be

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FSC Statement on retail life insurance announcement

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Assistant Treasurer the Hon Josh Frydenberg’s announcement today on the way forward for life insurance advice is a welcome approach that will provide certainty for consumers and clarity for the

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Investment Manager Regime legislation is significant for financial services trade

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The Investment Manager Regime (IMR) legislation, passed through Parliament this week, will remove uncertainties for foreign investors on how Australia’s tax laws apply to foreign funds. Financial Services Council (FSC) CEO,

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Enhanced register of financial advisers will increase transparency for consumers

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The significant number of Australians who have accessed the Financial Advisers Register since it was launched in March 2015 is a positive sign that it will provide consumers with the

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