News Article

Nicole Salimbeni, Partner, Financial Services and Consumer Business Leader, PwC comments on achieving more accessible advice for consumers, plus what an ideal financial advice system looks like.

Super chuffed about the opportunity to write the guest blog for the mental health and life insurance virtual roundtable; I did the Gen X thing and googled “features of a great blog”.

Nathan Jacobsen, Managing Director, Paragem comments on the licensee’s role in the future landscape of advice in Australia

Jodie Hampshire, Managing Director, Australia at Russell Investments comments on the benefits of a scaled advice solution for consumers.

Is that the sound of the first shredding of red tape in financial services?

Formerly BlackRock’s Head of Client Business for Asia-Pacific, based in Hong Kong for five years, Andrew Landman has returned to Australia during an exceptionally interesting time for the financial services sector. We asked Andrew to comment on some of today’s key industry activities.

The COVID-19 pandemic has given rise to much reflection on the ever-present topics of execution and witnessing of documents. 

Last week, APRA published a gloomy set of quarterly numbers showing that the life insurance industry made a total net loss after tax of $179 million for the March to June 2020 quarter on individual income protection products (IP). 

Inevitably, the broadening of superannuation early release rules as part of the COVID-19 response has led us back to debating whether we should extend the existing First Home Super Saver scheme.

While it may surprise some to know that the original concept of life insurance can be traced back millennia to ancient times, there is no doubt the life insurance industry plays a vital role by providing financial protection when people need it most.

Recently, your FSC team intently watched the Senate live stream as divisions were called for a critical piece of reform to superannuation – Minister Jane Hume’s 'Your Super, Your Choice' bill enabling every Australian to choose a superannuation fund. 

Advocacy by the FSC, along with the Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) – to ASIC and the Federal Government has secured valuable clarity on the parameters for electronic renewals of Ongoing Fee Arrangements (OFAs).