The Financial Services Council (FSC) acknowledges ASIC’s report released today on how platform trustees are monitoring risks to retirement savings. The FSC shares ASIC’s goal of uplifting and ensuring robust governance standards across the platform industry. Read more

The Financial Services Council (FSC) has today released new research showing that empowering consumers to exercise choice over their superannuation, including with the support of personal financial advice, can significantly improve retirement outcomes. Read more

The Financial Services Council (FSC) welcomes the Government’s announcement of further reforms to streamline Australia’s foreign investment framework following last week’s Federal Budget. Read more

New FSC analysis demonstrates that the Government’s proposed capital gains tax (CGT) reforms could materially increase taxes on Australians investing outside superannuation, including younger Australians, families, part-time workers and Australians approaching retirement. Read more

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. Read more

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. Read more