Media Releases

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7 May 2026 · Media release

Media Release: Changes to superannuation performance test must promote consumers' best financial interests

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…

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16 April 2026 · Media release

Media Release: FSC strengthens superannuation platform investment and adviser governance with new industry standard

The Financial Services Council (FSC) has today released a new industry standard that will strengthen investment and adviser governance practices across superannuation platforms, enhancing consumer protections and providing greater consistency across the platform sector.

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14 April 2026 · Media release

Media Release: Digital advice helping Australians take control of retirement planning

The Financial Services Council (FSC) has released new research highlighting the growing role of digital advice in improving access to financial guidance and supporting better retirement outcomes.

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26 March 2026 · Media release

Media Release: FSC Board appointments

The Financial Services Council (FSC) today announces a new Deputy Chair, new Board appointments, and acknowledges the significant contribution of departing Director and outgoing Deputy Chair, Alexis George.

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22 March 2026 · Media release

Media Release: Consumers using superannuation platforms are advised, higher-balance, new data confirms

Data released today by the Financial Services Council (FSC) shows Australians choosing to switch to a superannuation platform from a default superannuation fund are typically older investors with higher balances, who have received professional financial advice, disproving recent claims made by the Super Members…

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16 March 2026 · Media release

Media Release: FSC welcomes consultation on reforms to financial adviser education requirements

The Financial Services Council (FSC) welcomes the Government’s much anticipated consultation on implementing reforms to the education requirements for professional financial advisers, announced today by the Assistant Treasurer and Minister for Financial Services, Dr Daniel Mulino.

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22 February 2026 · Media release

Media Release: Government recognises that best practice retirement offering is not "one size fits all"

The Financial Services Council (FSC) welcomes the Government’s release of the voluntary retirement Best Practice Principles (the Principles), reinforcing that superannuation funds must actively engage members approaching and in retirement and that “a one-size-fits-all approach will not work”.

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27 November 2025 · Media release

Media Release: Sensible changes considered to the treatment of stamp duty disclosure for superannuation

The Financial Services Council (FSC) welcomes ASIC’s consultation on the treatment of stamp duty under Regulatory Guide 97, (RG 97) disclosing fees and costs in PDSs and periodic statements.

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17 November 2025 · Media release

Media Release: CSLR levy estimate underscores urgency of needed reform

The Financial Services Council (FSC) has called for the cost of the Compensation Scheme of Last Resort (CSLR) to be brought to sustainable levels following the announcement that the initial levy estimate for FY2027 is $137.5 million, an 82 per cent increase from the revised estimate for FY2026.

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9 November 2025 · Media release

Media Release: Superannuation funds continue to fight cyber and financial crime to protect consumers

The superannuation industry continues to band together to fight against cyber criminals and scammers, affirming its commitment with two cross-industry forums that foster collaboration, share critical threat intelligence, and drive action to better protect consumers’ data and financial security.

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