productivity commission

Superannuation

Frydenberg notes industry fund among under-performers

The Federal Treasurer, Josh Frydenberg has refused to concede the universal out-performance of industry funds, noting the Productivity Commission’s findings regarding the...

Superannuation

Default funds again a focus for Fed Gov’t

Making her first official address as Assistant Minister for Superannuation, Senator Jane Hume has today confirmed that the Morrison Government intends to return to the Pr...

Financial planning

Accountants seek voice in retirement advice provision

The Institute of Public Accountants has advocated an advisory role for accountants flowing from the Government’s promised review of the retirement income system....

Policy & Regulation

Industry praises Treasury appointments

Industry bodies have applauded the Government’s appointments to the Treasury, stating it is a ‘clear indication’ of the strategic focus being placed on financial services...

Policy & Regulation

Banks defend vertical integration

The Australian Banking Association has defended vertical integration and the ability of the major banks to self-regulate when it comes to ‘simplifying’ such structures....

Financial planning

What will financial planning look like by 2030?

The post-Royal Commission financial planning landscape by 2030 will see a number of losers and winners, according to wealthdigital....

Superannuation

Gov to introduce a super consumer advocate

The Federal Government will establish a superannuation consumer advocate and has asked the Treasury to recommend a potential provider following a call for expressions of ...

Financial planning

Consumers confusing general and personal advice

Many consumers are worryingly unaware of the distinction between general and personal advice, with 47 per cent of Australians incorrectly identifying general advice....

Superannuation

Super fund members need more protection

The Federal Government should use the upcoming federal budget to improve protections for super fund members, according to Dixon Advisory....

Superannuation

SMSF Association dismisses ACTU claims

The SMSF Association has rejected Australian Council of Trade Unions calls' for another inquiry into the SMSF sector....

Superannuation

Consolidation won’t end low-balance super accounts

Legislation to consolidate low-balance superannuation accounts needs to go further if it is to prevent a cycle of unintended accounts still being created and then consoli...

SMSF

Advisers and clients the best judges of SMSF appropriateness

Financial advisers and their clients are better judges of the appropriateness of self-managed superannuation funds, according to Six Park chief executive, Pat Garrett....

Superannuation

Does size matter for MySuper options?

For all the fuss about scale in the super industry, new data has shown that members in some of the top funds’ MySuper options saw limited differences in returns regardles...

Superannuation

APRA signals more super fund exits

Having identified more than a dozen underperforming superannuation funds which have subsequently opted to exit the industry, the Australian Prudential Regulation Authorit...

Superannuation

PC’s top 10 funds could have unfair “liquidity advantage”

The Productivity Commission’s controversial ‘best in show’ default super fund list could prove hard to break into, as economies of scale see the 10 funds to feature exten...