PRODUCTIVITY COMMISSION

Financial planning

The move to require specialist qualifications to give advice on SMSFs could come from the Financial Adviser Standards and Ethics Authority within two years, according to ...

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SMSF

The SMSF Association has strengthened its opposition to any outright ban on limited recourse borrowing arrangements, instead calling for an increase in consumer protectio...

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Superannuation

The ‘top ten’ list of default funds doesn’t adequately respond to the issues with multiple accounts or underperforming super funds identified by the Productivity Commissi...

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Superannuation

The Productivity Commission has been accused of choosing a political decision on superannuation rather than member best interest....

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Superannuation

The Productivity Commission report has missed an opportunity to show how the industry’s pre-tax investment focus might penalise members who retire on after-tax returns....

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SMSF

While the Productivity Commission modified its earlier findings to better reflect true SMSF returns in its final report, Class has warned that aspects of its calculations...

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Superannuation

The Institute of Public Accountants has called for more consideration of whether the inefficiencies of the superannuation system are due to a lack of marketplace competit...

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Financial planning

The Association of Financial Advisers has warned that summarily ending grandfathered trailing commissions would create a legal/commercial quagmire which may end up benefi...

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SMSF

SuperConcepts has warned that the Productivity Commission’s revision of the minimum viability threshold for SMSFs to $500,000 is misleading, saying a figure of half that ...

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Financial planning

Financial advisers have emerged as unwitting casualties of the Productivity Commission’s final report on superannuation competitiveness and efficiency....

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Financial planning

With adviser education set to be a continued focus for the industry in the new year, the SMSF Association has welcomed the Productivity Commission’s call for high advice ...

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Superannuation

BT Financial Group has welcomed the release of the Productivity Commission’s final report into Australia’s superannuation system....

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Superannuation

The financial services industry needs to make it easier for Australians to manager their super and help reduce the risks of unnecessary fees, according to Dixon Advisory....

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Superannuation

The Financial Services Council is one of the few industry bodies to welcome the Productivity Commission’s report on superannuation since its public release this morning, ...

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Superannuation

The Australian Prudential Regulation Authority claims the Productivity Commission has vindicated its approach to superannuation....

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Never miss the latest news and developments in wealth management industry

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...

6 days 5 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

6 days 6 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 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 1 week 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 ago

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

9 months 1 week ago