productivity commission

Govt puts super fund governance back on agenda

Despite suggestions it had shelved its push for majority independent directors on superannuation fund boards, the...

Financial services technology firm, GBST, reported a drop in EBITDA, total revenue and other income, net profit after tax and adjusted NPAT following project delays and restructure.

30 October

Industry funds call for action on underperforming defaults

Industry funds have used a Productivity Commission report on investment returns to call for regulatory action...

Nov 16 2018 - 1:00pm

Riders on the storm: Fixed income investing for a rising rate world

With interest rates on the rise, we challenge the accepted wisdom that fixed income stands to lose in this...

16 October

ACCC identifies as fin services ‘competition champion’

The Australian Competition and Consumer Commission has told a key parliamentary committee it is funded and...

11 September

WSSA calls for 11th default super fund option

The Workplace Super Specialist Australia has told its national conference that existing employer funds should be...

7 September

Does member interest trump investment expertise?

The Productivity Commission has been told that alignment with members’ interests should trump investment expertise...

Nov 15 2018 - 12:45pm

A complex fixed income world calls for diversification

Australian investors generally have a strong bias to domestic equities – we look at the importance of...

An Olympian has called for men in financial services industry to help champion and mentor women in the industry as they are not seen in representative numbers.

27 August

Super trustees should get help from third parties: ACA

As the super industry faces both structural change and increased regulatory scrutiny, trustees may need to turn to...

9 August

End grandfathered commissions ASAP, says ASIC

The Australian Securities and Investments Commission has told the Productivity Commission that grandfathered...

ASIC has confirmed it will be relying on professional associations to administer planner codes of conduct with the ultimate sanction being a planner’s loss of membership of a professional body such as the Financial planning Association (FPA).

9 August

ASIC raises absence of ‘best interests’ obligation for employers

The Australian Securities and Investments Commission has noted the absence of a ‘best interests’ obligation on...

Nov 14 2018 - 11:15am

Modular insurance designed for the way people live today

MetLife recognises that everyone is unique, so their insurance needs to be too. Meet the new modular cover you can...

There has been a tendency across the advice industry to use a cookie cutter model and this will need to be expanded to service the needs of SMSF trustees, according to a report.

7 August

Some advisers not actually delivering ‘advice’

The SMSF Association has backed a Productivity Commission recommendation to rename “general advice” in...

The Australian Securities and Investments Commission has urged a Senate Committee to give it powers to deal with licensees and planners beyond those contained in the FOFA legislation.

6 August

Give us more powers, says APRA

The Australian Prudential Regulation Authority (APRA) has told the Productivity Commission it needs more powers...

Debt management advisers are operating via a regulatory loophole and need to adhere to the same regulatory standards as financial planners, a parliamentary committee has been told.

6 August

Less regulation needed for competition: COBA

The Productivity Commission’s competition report shows that “more and more regulation can be harmful to consumers...

3 August

PC recommends ACCC become industry “competition champion”

The Productivity Commission has recommended that the Australian Competition and Consumer Commission take on the...

The Productivity Commission sees insurance as a key issue impacting superannuation fund member returns and intends examining the value for money actually delivered.

1 August

Clients do get value from trailing commissions, says AFA

The Association of Financial Advisers has told the Productivity Commission that clients actually do get value from...

The new legislation to set higher professional standards will help Australians who are confused or uninformed about what a financial adviser can do for them, the AFA believes.

30 July