FSC welcomes Royal Commission discussion paper: potential to open the superannuation market to competition and choice 

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The Financial Services Council welcomes The Trade Union Royal Commission Discussion Paper – Options for Law Reform which identifies inherent conflicts in the superannuation system. The discussion paper states: “…potential

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FSC Statement on the 2015 Federal Budget

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The Financial Services Council has welcomed the 2015 Federal Budget handed down by the Treasurer. Sally Loane, CEO of the FSC said: “Tonight is the first Budget in recent memory

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FSC comment on early access to superannuation

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The Financial Services Council (FSC) welcomes the announcement that the Commonwealth will reform the early access arrangements to superannuation for Australians with terminal illnesses. The rigid superannuation access laws will

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Age pension tightening: a good start on national retirement policy  

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As Budget week begins, the Financial Services Council welcomes the tightening of the age pension announced by Minister for Social Services, Scott Morrison. This is one step towards developing a

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FSC Statement on FSI Submission to Treasury

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The Financial Services Council yesterday released its submission to Treasury on the final report of the Financial System Inquiry. Sally Loane, CEO of the Financial Services Council said: “The Financial System

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FSC Statement on Opposition’s announcement on super

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The Financial Services Council said yesterday that the Intergenerational report has shown that Australia’s ageing population will continue to place pressure on the Federal Budget. A national retirement policy should include

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Super reform needed to drive lower fees  − FSC Statement on the Grattan Report

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The Financial Services Council welcomes the Grattan Report on superannuation released yesterday. Superannuation fees are higher than they should be. Reforms to both governance and structure of the default superannuation

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FSC Statement on ASIC’s national register of advisers

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The Financial Services Council said that national register of advisers launched by ASIC is an important step in the overall process for rebuilding trust in the advice industry. Sally Loane,

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FSC Statement on the Tax White Paper

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The Financial Services Council has welcomed the Tax White Paper as a “long awaited review of Australia’s tax system which must be supported by business and the broader community”. Sally

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Statement from the FSC on the Trowbridge Report

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The Financial Services Council has welcomed the independent Trowbridge Report which includes recommendations for structural changes to the life and advice industries. Former APRA Member, John Trowbridge, authored the report

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