Media Release

The Financial Services Council (FSC) has announced its policy priorities for the next parliament ahead of the Federal Election.

The Financial Services Council (FSC) supports the Federal Government’s expectation that the superannuation industry divests Russian assets as part of broader global economic sanctions to address the humanitarian crisis in Ukraine.

The FSC has today released findings of the genetic testing data collected by the life insurance industry to give Australian’s confidence that the FSC’s Moratorium on genetic test means they can access a level of life insurance cover and still participate in important genomic research.

The Financial Services Council (FSC) welcomes Nick Hamilton, Managing Director and Chief Executive Officer of Challenger Limited as a director to the FSC Board.

The Financial Services Council (FSC) welcomes the passage of legislation with bi-partisan support to implement a Corporate Collective Investment Vehicle (CCIV) and the Retirement Income Covenant.

The Financial Services Council (FSC) welcomes the release of a Senate Inquiry report confirming bipartisan support for the Corporate Collective Investment Vehicle (CCIV) and the Retirement Income Covenant.  

The Financial Services Council (FSC) welcomes the Government’s announcement to regulate proxy advice, and supports the Government’s aim of ensuring that the provision of proxy advice to superannuation funds and fund managers is transparent and independent.

The Financial Services Council (FSC) today announces the appointment of Blake Briggs as Acting CEO of the FSC, as outgoing CEO Sally Loane steps down after seven years leading the financial services industry association.

The release of the Australian Prudential Regulation Authority’s (APRA) heat maps for MySuper and ‘choice’ investment products today underscores the importance of ensuring consumers can access affordable financial advice that considers their investment and life insurance needs.

The Financial Services Council (FSC) has released an enforceable Standard which will remove occupational exclusions and occupation based restrictive disability definitions in default life insurance cover in superannuation.

The Financial Services Council (FSC) welcomes Scott Hartley, CEO AMP Australian Wealth Management and Michelle Taylor, Chief Executive, People, Corporate Affairs and Strategy for Challenger Ltd as Directors to the FSC Board.

The Financial Services Council (FSC) welcomes the introduction of legislation today to implement the Corporate Collective Investment Vehicle (CCIV) and the Retirement Income Covenant.