Media Release
Media Release: State of the Funds Management Industry Report 2023
The Financial Services Council (FSC) is today pleased to launch the State of the Funds Management Industry Report prepared by KPMG, which lifts the lid on the regulatory and tax policy settings that are limiting Australia’s funds management industry becoming a major global financial services centre.
Media Release: The Hon Peter Costello headlines FSC Trans-Tasman Leaders Summit
The Financial Services Councils of Australia and New Zealand are delighted to announce the Hon Peter Costello AC will headline the first ever Trans-Tasman Strategic Leaders Summit, being held on 4-6 March 2024 in Auckland.
Media Release: Transition of Life Insurance Code of Practice
The Financial Services Council (FSC) is pleased to announce responsibility for the Life Insurance Code of Practice (Life Code) will transition to the Council of Australian Life Insurers (CALI) effective, 29 September 2023.
Media Release: SUPER EARLY BIRD TICKETS RELEASED FOR FSC TRANS-TASMAN STRATEGIC LEADERS SUMMIT
The Financial Services Councils of Australia and New Zealand are delighted to announce the release of super early bird tickets for the first ever Trans-Tasman Strategic Leaders Summit, being held on 4-6 March 2024 in Auckland.
Media Release: FSC announces two board appointments
The Financial Services Council (FSC) announces the appointment of two senior industry leaders, Alexis George, Chief Executive Officer, AMP and Matt Rady, Chief Executive Officer of BT Financial Group, to the FSC Board.
Media Release: Consumers should seek financial advice on superannuation performance test results
The Financial Services Council (FSC) has welcomed the release of today’s Performance Test results for MySuper and Trustee Directed Products.
Media Release: Superannuation delivering on its promise to Australians
The Financial Services Council (FSC) welcomes the Government's announcement to strengthen the accessibility of retirement products to help Australians make the most of their superannuation savings as part of releasing the 2023 Intergenerational Report.
Media Release: Consumers to benefit from enhanced services standards and protections from 1 July
The Financial Services Council (FSC) welcomes important changes to financial services products, superannuation funds and life insurance policies that come into effect on 1 July 2023.
Media Release: Consumers must seek financial advice before making financial decisions based on Government’s performance test notifications
The Financial Services Council (FSC) today cautioned consumers to seek financial advice before acting on performance test notifications for superannuation products, as defective Government regulations risk failing to address methodological issues built into the test for the new class of trustee-directed products. [1]
Media Release: GOVERNMENT COMMITS TO REDUCE FINANCIAL ADVICE RED TAPE
The Financial Services Council (FSC) has welcomed the Government’s response to the Quality of Advice Review and its commitment to prioritise ‘Stream One’ of its reforms, which are designed to remove costly red tape imposed on financial advisers.
Media Release: FSC promotes regulatory best practice on Design and Distribution Obligations
The Financial Services Council (FSC) is building on promoting best regulatory practice across the funds management industry in the interest of consumers with the release today of an updated template Target Market Determination (TMD) for funds management.
Media Release: New consumer resources released to support Life Code
The Financial Services Council (FSC) is proud to announce the upcoming implementation of the New Life Code of Practice (new Life Code) on 1 July 2023, which will introduce over 50 comprehensive consumer protections that will change the way customers interact with their life insurers.