Media Release
Media Release: FSC appoints new Directors and expands Financial Advice representation
The Financial Services Council (FSC) is pleased to announce the appointment of four new directors to the FSC Board, two sourced from our funds management membership, and two sourced from a new, expanded membership cohort of financial advice businesses.
Media Release: Financial Advice Reform Bill
The Financial Services Council (FSC) notes the Government’s introduction of tranche one of its Delivering Better Financial Outcomes reform package on financial advice into Parliament today.
Media Release: Closing the retirement savings gender gap
The Financial Services Council (FSC) welcomes the Government’s commitment to pay the Super Guarantee on Government paid parental leave from 1 July 2025.
Media Release: Australians agree with proposed objective of Superannuation
The majority of Australians believe superannuation should be about preserving savings to deliver income for a dignified retirement, according to a national poll of more than 2500 people.
Media Release: Australians want to make their own decisions about their retirement savings
Australians want control over how they spend and enjoy their retirement and do not trust the Government to direct how their superannuation savings should be consumed, a new nation-wide poll has revealed.
Media Release: Fine-Tuning of Investor Test Required to Protect Consumers
New research released today by the Financial Services Council (FSC) has revealed that in less than a decade, almost a fifth of Australian households would be eligible to buy wholesale products without retail consumer protections, leaving them potentially vulnerable due to not properly understanding the associated financial risks.
Media Release: Reforms to Reduce the Cost of Providing Financial Advice
The Financial Services Council (FSC) welcomes the Government’s comprehensive framework to deliver on its commitment to make financial advice more accessible and affordable for millions of Australians.
Media Release: Financial Services Council releases results of 2023 funds management gender diversity survey
The Financial Services Council (FSC) has released the results of its 2023 Diversity Survey, highlighting the commitment of its global and domestic fund manager members to improve gender diversity within the investment management sector.
Media Release: FSC Statement on Performance Test Review
The Financial Services Council (FSC) notes the Government’s decision to consult on whether to reform the Your Future, Your Super performance test to avoid discouraging superannuation fund investment decisions away from investments that would strengthen the national economy.
Media Release: Climate-related financial disclosure enhances Australian investment
The Financial Services Council (FSC) welcomes the Government progressing the climate-related financial disclosures regime with the Treasurer’s introduction into Parliament of the Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill.
Media Statement from Joint Associations Working Group: Still time to fix advice reforms so "hot mess" doesn't turn into disaster
The Joint Associations Working Group (JAWG) is calling on the Government to move swiftly to fix legislation introduced into the Parliament so that it doesn’t make advice more unaffordable and less accessible for consumers.
Media Release: Government can Improve Retirement Outcomes by $16 Billion with Product Modernisation Framework
New research released today by the Financial Services Council (FSC) shows that removing barriers for superannuation funds and fund managers to transition consumers to modern investment products would result in consumers retiring with cumulatively $16 billion more by 2050, lifting their collective retirement income by $22 billion during their retirement.