productivity commission

Financial planning

Some advisers not actually delivering ‘advice’

The SMSF Association has backed a Productivity Commission recommendation to rename “general advice” in circumstances where the information provided to clients by some adv...

Policy & Regulation

Give us more powers, says APRA

The Australian Prudential Regulation Authority (APRA) has told the Productivity Commission it needs more powers and that its lack of powers has inhibited its ability to b...

Policy & Regulation

Less regulation needed for competition: COBA

The Productivity Commission’s competition report shows that “more and more regulation can be harmful to consumers because it weakens competition,” the Customer Owned Bank...

Policy & Regulation

PC recommends ACCC become industry “competition champion”

The Productivity Commission has recommended that the Australian Competition and Consumer Commission take on the role of “competition champion for the financial system”....

Financial planning

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 trailing commissions and should be informed of that val...

Financial planning

SMSF advice needs higher than FASEA standard

Providing self-managed super funds advice requires a higher standard than is being indicated by FASEA, according to the SMSF Association....

Superannuation

Has PC opened SMSFs to attack?

The Productivity Commission has been warned that both its methodology and attitude to self-managed superannuation funds may have opened the sector to attack from other el...

Superannuation

Class points out gaps in PC’s super report

Class Limited has highlighted what it describes as significant SMSF gaps in the Productivity Commission's Superannuation Report and said is performing its own analysis to...

Superannuation

Totally ban grandfathered commissions – Choice

Consumer group Choice has called on the Productivity Commission to recommend a total ban on grandfathered commissions....

Superannuation

AFA warns PC on abrogating special super deals

The Association of Financial Advisers has warned the Productivity Commission it is placing at risk historical special deals struck between employers and superannuation fu...

Superannuation

No certainty industry funds out-perform says CFS

Colonial First State has told the Productivity Commission that the involvement of advisers in retail super funds together with an older member demographic makes compariso...

Superannuation

High fees don’t always equate to low returns

The Productivity Commission is wrong to assert that high fees are clearly associated with low super returns, according to superannuation fund ratings house, SuperRatings....

Financial planning

ISA attacks Productivity Commission “disconnect”

Industry Super Australia has strongly attacked the recommendations of the Productivity Commission on superannuation while arguing that advisers should be held liable for ...

Superannuation

Should super funds be held to same standards as advisers?

Superannuation fund trustees should be held to the same standards as advisers in terms of explaining insurance inside superannuation and the impact on balance erosion, ac...

Superannuation

BTFG lends PC support on super

BT Financial Group has come out in support of the Productivity Commission’s recommendation for a list of the 10 “best in show” super funds, saying that strong funds shoul...