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Showing 111 - 120 of 305 results for "Productivity Commission"

Minimum SMSF balance misleading: SuperConcepts

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
The Productivity Commission's proposed minimum balance for self-managed superannuation funds (SMSFs) is "way off", according to SuperConcepts. Despite it being half the balance the commission recommended in its interim report, SuperConcepts believes ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
... 10. Commenting on the report yesterday, ASFA chief executive Martin Fahy said it is disappointing the Productivity Commission has doubled down on the best-in-show list as a mechanism for allocating default super. "This approach risks creating an oligopoly ...

PC calls for group insurance review

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
The Productivity Commission is calling for an independent public inquiry into group insurance and floated the possibility of tougher regulation that includes sharper ASIC oversight, among other recommendations. Recommendation 18 in the Productivity ...

APRA, ASIC welcome Productivity Commission's superannuation report

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The regulators overseeing financial services in Australia have welcomed the Productivity Commission's recommendations to grant them additional powers. After they were blasted in the Productivity Commission's final report into the efficiency and competitiveness ...

Productivity Commission report puts banks first: ACTU

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The Australian Council of Trade Unions said removing superannuation from industrial relations is "completely unacceptable" In a media release on Thursday the ACTU called out the final report's recommendation to install a best-in-show list of superannuation ...

Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
The best-in-show default superannuation fund shortlist the Productivity Commission wants to launch before June 2021 has divided industry opinion. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said the Commission's ...

Engagement should be easier: Productivity Commission

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
The Productivity Commission's final report into the efficiency and competitiveness of superannuation blasted the system for making engagement harder for fund members. The Commission's final report took aim at the superannuation system and government ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... Income Covenant proposed last year, if it can't sufficiently remediate its flaws by the deadline, the Productivity Commission says in the final report. Treasury has already extended the deadline on Comprehensive Income Retirement Products to July ...

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
As far as the Productivity Commission is concerned, grandfathered commissions are dead in the water. In its final report the commission states that the time for transition is over; "the commission supports a full ban of all commissions on superannuation ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... have greater oversight of the superannuation products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be required by the government to report to ...