Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 305 results for "Productivity Commission"

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... associated with administration and fund operations, not raw dollars under management." Chhikara said the Productivity Commission's mooted best in show list is already in effect, noting much of the net member switching flows in the system is captured ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... national gross domestic product - is higher than that paid by many other nations. The institute said the Productivity Commission's "best in show" system would ensure workers were defaulted into funds which performed well when it comes to fees and performance ...

Government loves SMSFs: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... of choice," Hume said. "So we're thinking of ways to support that movement." Hume said that while the Productivity Commission found low returns for SMSFs with balances below $500,000, fintechs may have a role to play in changing that. The minister said ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... people being railroaded into keeping insurance which may have been useless," O'Halloran said. "As the Productivity Commission found the cost of insurance can set members retirement balances back by around $85,000. Super funds need to be very careful ...

Push for more foreign investment

ELIZA BAVIN  |  FRIDAY, 7 FEB 2020
... Australian capital projects, shares or corporate and government bonds. Those against the scheme, including the Productivity Commission, believe the benefits are negligible and only serve to benefit the visa holders and fund managers. The commission called ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... insurance levels, effectively forcing these individuals to maintain multiple super account." The FSC cited Productivity Commission modelling suggesting an individual with two accounts for their whole working life will be 6% worse off than those with ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... recent years have seen nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission final reports at the beginning of the year set in motion a wave of change unmatched by any previous ...

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... was serving its purpose for the regulator by benchmarking funds following the Royal Commission and final Productivity Commission report. "There are funds that have high fees, low nominal returns and low sustainability. APRA will turn up the heat on these ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... Specifically, the peak body for industry superannuation said the heat maps should follow the lead of the Productivity Commission in giving primacy to net returns for performance comparisons, and said APRA should not have excluded the effect of administration ...

Super consumer body grateful for intervention

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... After the government announced it would take its first steps towards fulfilling a recommendation of the Productivity Commission to establish a national voice for consumers in Australia's ongoing superannuation debates, the incumbent body has confirmed ...