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Media Releases

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13 February 2024 · Media release

Media Release: Fine-Tuning of Investor Test Required to Protect Consumers

New research released today by the Financial Services Council (FSC) has revealed that in less than a decade, almost a fifth of Australian households would be eligible to buy wholesale products without retail consumer protections, leaving them potentially vulnerable due to not properly understanding the associated…

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7 December 2023 · Media release

Media Release: Reforms to Reduce the Cost of Providing Financial Advice

The Financial Services Council (FSC) welcomes the Government’s comprehensive framework to deliver on its commitment to make financial advice more accessible and affordable for millions of Australians.

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7 December 2023 · Media release

Media Release: Financial Services Council releases results of 2023 funds management gender diversity survey

The Financial Services Council (FSC) has released the results of its 2023 Diversity Survey, highlighting the commitment of its global and domestic fund manager members to improve gender diversity within the investment management sector.

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6 December 2023 · Media release

Media Release: FSC Statement on Performance Test Review

The Financial Services Council (FSC) notes the Government’s decision to consult on whether to reform the Your Future, Your Super performance test to avoid discouraging superannuation fund investment decisions away from investments that would strengthen the national economy.

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20 November 2023 · Media release

Media Release: Government can Improve Retirement Outcomes by $16 Billion with Product Modernisation Framework

New research released today by the Financial Services Council (FSC) shows that removing barriers for superannuation funds and fund managers to transition consumers to modern investment products would result in consumers retiring with cumulatively $16 billion more by 2050, lifting their collective retirement income by…

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27 October 2023 · 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.

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9 October 2023 · Media release

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.

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27 September 2023 · Media release

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.

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26 September 2023 · Media release

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.

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14 September 2023 · Media release

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.

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