Government reverts to seven year threshold for unclaimed life insurance

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The Government’s announcement yesterday that it would amend the Life Insurance Act to revert to a seven year threshold for “lost” life insurance policies before they are deemed unclaimed monies is

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Investment Manager Regime legislation is significant for financial services trade

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The Government’s revised Investment Manager Regime draft legislation released today is a significant step in completing the Johnson reform recommendations and in bolstering financial services trade, according to the Financial

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Statement on the Intergenerational Report from the Financial Services Council

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The Intergenerational report released yesterday by the Federal Treasurer, is a clear signal to Australians that the status quo is no longer a viable option, the Financial Services Council said yesterday.

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Asia Region Funds Passport progressing

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The regional consultation paper on the rules and regulations on the Asia Region Funds Passport is a welcome next step in progressing trade in mutual funds across borders, the Financial

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Superannuation taxes alone won’t build sustainable retirement outcomes

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A sustainable national retirement outcomes policy will not be achieved by targeting tax treatment of superannuation in isolation the Financial Services Council said yesterday. In her maiden speech at the

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New analysis shows need for competition in super to protect consumers

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New research by the Financial Services Council (FSC) demonstrates that modern awards supress competition in the superannuation system to the detriment of consumers. A comprehensive analysis of the modern award

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Sally Loane will be the new CEO of the Financial Services Council

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Sally Loane has been appointed CEO of the Financial Services Council effective 8 December. She replaces John Brogden who will assume the role of CEO of the AICD in January

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