The recently released Intergenerational Report shows the implications of an ageing population with rising health costs and fewer taxpayers by 2060. Read more

Welcome to Issue 56 of the FSC Policy Update. The implications of the first ‘Your Super’ performance assessments continue to reverberate through the superannuation industry after thirteen MySuper products, holding $56.2 billion, were shown to have ‘underperformed’ across all sectors of the superannuation industry. Read more

The Financial Services Council (FSC) has urged the Government to amend the proposed Compensation Scheme of Last Resort (CSLR) to prevent the “moral hazard” of shifting costs onto companies and consumers who have done nothing wrong.  Read more

The start date of the Design and Distribution Obligations, or DDO, is rapidly approaching.  Read more

The FSC made a submission on 13 August to Treasury in respect of the Financial Accountability Regime (FAR) draft Bill, a recommendation of the Hayne Royal Commission due to start from 1 July, 2023. Read more

The 2024 FSC Diversity Survey found that women comprise 27% of investment teams amongst respondent fund managers. This compares to investment team representation of 25% in the first year the survey was conducted, 27% in the 2022 survey and 29% in the 2023 survey. The survey of 18 global and domestic fund manager members found that all wanted to improve diversity in investment teams, with the majority (94%) tracking gender diversity statistics within their organisation and 72% tracking gender diversity within their investment teams. Read more Read more