The Financial Services Council has been at the forefront of recent policy debates, raising concerns with the design of the proposed $3 million cap on superannuation balances and continuing to support the implementation of the Quality of Advice Review.
The FSC has also led debate on retirement incomes policy, releasing important research that demonstrates how more efficient policy settings can improve the lives of retirees, and reduce the cost of ageing to the Commonwealth.
Attention now turns to the Federal Budget, which will be held on the evening of Tuesday 9 May. The FSC team will be in the Canberra lock-up, and expect superannuation and the financial services sector to be a focus. The Government has indicated a focus on aligning superannuation payments with payday and there continues to be speculation around new taxes, with the structural deficit front of mind for the new Treasurer.
FSC members will receive a detailed briefing in the hours after the Budget is released, so keep an eye on your inbox!
