Media Release: ‘No Surprises’ Federal Budget for Financial Services Industry
The FSC welcomes the 2025-26 ‘no surprises’ Federal Budget which reinforces stability and provides...
The FSC welcomes the 2025-26 ‘no surprises’ Federal Budget which reinforces stability and provides...
The Financial Services Council (FSC) welcomes the release of the Government’s exposure draft...
Today, business and finance groups have come together to endorse Australia’s continued bipartisan...
Welcome to Issue 84 of the FSC Policy Update. This article outlines legislative and regulatory developments in the superannuation, investments, financial advice, tax, technology and innovation sectors, plus more. Learn about what’s impacting the financial services industry below. Click on the topic of interest below to read more.
Justine Earl Smith has started in the newly created role as the Executive Director, Commercial Partnerships and Growth at the FSC, leading an exciting new events and member engagement strategy. Justine brings a wealth of experience to the role, having previously led a robust commercial program of superannuation industry conferences, webinars, forums and member networking events. You can hear...
The FSC welcomes ASIC’s proposal for financial services businesses no longer needing to report minor or technical breaches that do not cause financial loss to consumers under certain circumstances but more needs to be done. An FSC survey, conducted by Positive Economics Advisory, found unnecessary regulation in the financial services breach reporting regime has resulted in almost $4000 wasted...
The Financial Services Council has released our pre-election policy priorities, encouraging the major parties to commit to deregulation and economic growth policies to lift Australia out of our economic malaise. The FSC's recommendations would increase financial services exports by almost $2 billion a year and lift the sector’s productivity by $800 million a year. Congratulations to the FSC...
The 2024 FSC Diversity Survey found that women comprise 27% of investment teams amongst respondent fund managers. This compares to investment team representation of 25% in the first year the survey was conducted, 27% in the 2022 survey and 29% in the 2023 survey. The survey of 18 global and domestic fund manager members found that all wanted to improve diversity in investment teams, with the majority (94%) tracking gender diversity statistics within their organisation and 72% tracking gender diversity within their investment teams. Read more
The FSC is a peak body which sets mandatory Standards and develops policy for more than 100 member companies in one of Australia’s largest industry sectors, financial services.
Our Full Members represent Australia’s retail and wholesale funds management businesses, superannuation funds, investment platforms and financial advice licensees. Our Supporting Members represent the professional services firms such as ICT, consulting, accounting, legal, recruitment, actuarial and research houses.
The financial services industry is responsible for investing more than $3 trillion on behalf of over 15.6 million Australians. The pool of funds under management is larger than Australia’s GDP and the capitalisation of the Australian Securities Exchange, and is one of the largest pools of managed funds in the world.
The Financial Services Council (FSC) is a member of The International Investment Funds Association (IIFA), an association which provides a forum for global information- sharing and collaboration to promote the investment fund industry.
Find out more about the IIFA here: www.iifa.ca