World standard super fees needed

superannuation-industry/remuneration/federal-government/

22 July 2008
| By George Liondis |
image
image image
expand image

Nick Sherry

Australia needs to move towards a superannuation system in which fees and charges are more competitive by world standards, according to the Minister for Superannuation and Corporate Law, Senator Nick Sherry.

After nearly a month of media coverage and commentary regarding a Federal Government review of the costs associated with superannuation, Sherry used an address to an Adelaide financial services symposium to refer to the range of business and remuneration models operating across the superannuation industry.

“It’s high time we took a long, hard look at the operation, structure and cost of our superannuation industry,” Sherry said. “I would like to see Australia move towards a superannuation system in which fees and charges are competitive by world standards.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 1 week ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 1 week ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

1 week 2 days ago

The Reserve Bank of Australia has announced its latest interest rate decision following this week's monetary policy meeting....

2 weeks 4 days ago

A former financial adviser who stole $4.4 million from his family and friends to feed gambling debts has been permanently banned by ASIC....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo