The number of Australians with complex financial advice needs will grow by 70 per cent in 25 years – from 4.3 million to 7.2 million, however regulatory design has favoured default settings and ignored Australian consumers requiring more complex and personalised financial advice.

The Financial Services Council (FSC) welcomes the Government’s amendments to remove the s99FA(1)(a) and (b) provisions in tranche 1 of its Delivering Better Financial Outcomes Bill.

The Financial Services Council (FSC) and its superannuation funds members are spearheading the fight against fraud and scams following the release of a Standard that aims to protect consumers from financial harm.  

The Financial Services Council (FSC) welcomes the release of the Government’s Sustainable Finance Roadmap, which will provide greater confidence and certainty for investors managing climate-related investment risks and opportunities and in bringing sustainability-related investment products to market.

The Financial Services Council (FSC) welcomes the Government focusing on its long term plan for financial services and the investment community with its ‘no surprises’ Budget for the financial services sector.

The Financial Services Council (FSC) is pleased to announce the formation of the Digital Advice Expert Group.