Media Releases
Media Release: ‘Bait and switch' Budget raises taxes on all Australian investors
The Financial Services Council (FSC) has significant concerns over the Government’s plan to raise taxes on all Australian investors, across all asset classes, under the guise of increasing equity in the housing market.
Media Release: Changes to superannuation performance test must promote consumers' best financial interests
The Financial Services Council (FSC) supports the options for refinement of the superannuation performance test released for consultation by the Government today that constitute targeted changes, but cautions against fundamental changes that would weaken consumer outcomes, and against expanding the test to products where the result would be inherently inaccurate and misleading for consumers.
Media Release: FSC strengthens superannuation platform investment and adviser governance with new industry standard
The Financial Services Council (FSC) has today released a new industry standard that will strengthen investment and adviser governance practices across superannuation platforms, enhancing consumer protections and providing greater consistency across the platform sector.
Media Release: Digital advice helping Australians take control of retirement planning
The Financial Services Council (FSC) has released new research highlighting the growing role of digital advice in improving access to financial guidance and supporting better retirement outcomes.
Media Release: FSC Board appointments
The Financial Services Council (FSC) today announces a new Deputy Chair, new Board appointments, and acknowledges the significant contribution of departing Director and outgoing Deputy Chair, Alexis George.
Media Release: Consumers using superannuation platforms are advised, higher-balance, new data confirms
Data released today by the Financial Services Council (FSC) shows Australians choosing to switch to a superannuation platform from a default superannuation fund are typically older investors with higher balances, who have received professional financial advice, disproving recent claims made by the Super Members Council (SMC).