Media Releases
Media Release: FSC to lead industry best practice on private credit transparency and governance
The Financial Services Council (FSC) welcomes the findings in ASIC’s interim report on private credit in Australia, which highlights both the important role private capital plays in financing innovation and growth, and the need to strengthen industry practices.
Media Release: Two new directors appointed to FSC Board
The Financial Services Council (FSC) is pleased to announce the appointments of two senior industry leaders, Scott Hartley, Chief Executive Officer of Insignia Financial, and Daniel Shrimski, Managing Director of Vanguard Australia, as directors to the FSC Board.
Media Release: Retirement policy should prioritise individual outcomes
The Financial Services Council (FSC) welcomes the Government’s consultations related to Best Practice Principles for Retirement and the Reporting Framework for Retirement Data. The two consultations are an important step forward in improving retirement outcomes for Australians, but the FSC urges the Government to ensure that individual outcomes remain the focus of national retirement policy.
Media Release: FSC Media Statement on Compensation Scheme of Last Resort Special Levy Treasury Consultation
The Financial Services Council (FSC) welcomes the careful and consultative approach the Assistant Treasurer Dr Daniel Mulino has taken with the Treasury consultation released today in considering how to exercise his discretion to impose a special levy to meet the significant funding shortfall in the costs of the Compensation Scheme of Last Resort (CSLR).
Media Release: Green Paper explores opportunities to modernise the financial advice licensing framework
The Financial Services Council (FSC) today releases a Green Paper examining the case for reforming Australia’s financial advice licensing framework to better protect consumers, support a diverse and professional advice sector, and ensure the regulatory model remains fit for purpose in a changing environment.
Media Release: New analysis of the impact of proposed superannuation tax
The Financial Services Council (FSC) has released new data that shows the full impact of the proposed superannuation tax on different age cohorts of Australians under four different scenarios.