The Financial Services Council (FSC) says the sophisticated investor test needs to be updated to protect consumers. Research undertaken by PwC and Data Analysis Australia, on behalf of the FSC, ...
The Financial Services Council (FSC) is proposing to make the sophisticated investor test less subjective as currently wholesale fund managers are hesitant to apply it. In a submission to the ...
The Albanese government should restrict access to lucrative wholesale investments to individuals worth more than $5 million, the Financial Services Council says, slashing the share of the population ...
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