FSU Submission Highlights Financial Institutions’ Obligations to Workers and Communities
The previous round examined financial services in regional and remote communities, including farming finance and interactions between Indigenous and Torres Strait Islander people and financial services entities.
In the FSU’s submissions in response to those hearings, we highlighted the importance of culture within financial services entities in achieving good customer outcomes. We also focused on the impact of service reduction, including how branch closures impact people in regional and remote areas.
Banking is an essential service, and customers rely on being able to access ethical, local services.
The Finance Sector Union is calling on all financial services entities to properly consult with workers and communities about how to deliver local services that meet the needs of their customers.
You can read our Round 4 Submission here: www.bit.ly/FSU_submission_round4
Round 5 Has Commenced
The new round of hearings, starting today, will look at both Industry and Retail Super Funds. Issues examined are expected to include selling practices, relationships with financial advisers, structural and governance practices, and the regulation of the sector.
As always, your FSU is standing up for finance workers throughout this process.
Your Experience Will Help the Royal Commission Improve the Finance Sector
Go to the FSU’s online Royal Commission Portal, add your voice, and make a difference:
The FSU’s online portal is at www.fairfinanceindustry.com. The FSU Portal is confidential and FSU will contact all contributors to discuss the next steps towards submitting to the Royal Commission.
If you want get more involved, contact our Indigenous Organiser, Ash Rose at firstname.lastname@example.org or 02 9320 0020.
FSU Member Rights Centre
Ph: 1300 366 378