PRODUCTIVITY COMMISSION

Superannuation

Federal Treasurer, Scott Morrison has attacked industry default funds as being little more than a fire hose of members’ money for which the funds themselves do not even h...

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SMSF

The Productivity Commission’s finding that many people have their superannuation in underperforming funds also extends to self-managed super funds, according to SMSF Benc...

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Superannuation

The Minister for Revenue and Financial Services, Kelly O’Dwyer has urged the Royal Commission to take a look at the issues raised in the Productivity Commission’s latest ...

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Superannuation

The Productivity Commission’s draft report into superannuation is a “timely reminder” to self-managed super fund trustees to pay close attention to fees and costs, the SM...

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Superannuation

The new proposals from the Productivity Commission to overhaul superannuation default funds do not go far enough, according to Stockspot....

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Superannuation

The Productivity Commission has delivered a draft report on superannuation competitiveness and efficiency which delivers on the Government’s terms of reference with respe...

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Superannuation

Industry Super Australia has presented new research to the Productivity Commission claiming retail funds are dragging down the value of the super industry by as much as $...

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Superannuation

The rhetoric around the industry versus retail funds debate appears to have overshadowed years of cooperation between the two industry segments, according to a submission...

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Superannuation

Industry Super Australia has told the Productivity Commission that retail fund excuses about member demographics and investment choice do not stand up to scrutiny....

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Financial planning

The Australian Banker’s Association has backed extracting product recommendations from the delivery of advice....

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Financial planning

Replacing the term ‘general advice’ represents a positive step but it may need to be replaced by multiple terms and arrangements, according to the Australian Securities a...

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Financial planning

The Financial Services Council has urged the Productivity Commission to broaden its “very narrow” definition of vertical integration to make its recommendations more appr...

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Policy & Regulation

In the midst of a Productivity Commission inquiry into competition in financial services, the Government has proposed measures to make the Australian Securities and Inves...

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Financial planning

The Financial Planning Association has told the Productivity Commission that product manufacturers should no longer enjoy the licensing exemption which allows them to giv...

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Financial planning

The Insurance Council of Australia has told the Productivity Commission that general insurance agents feel hamstrung by the personal advice rules and want more flexibilit...

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JOHN GILLIES

Might be a bit different to i the past where at most there was one man from the industry on the loaded enquiry boards a...

1 day 4 hours ago
Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

5 days 23 hours ago
Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 6 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago