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Showing 121 - 130 of 305 results for "Productivity Commission"

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
Australia's superannuation sector in trying to digest the Productivity Commission's 700-page report with its 31 recommendations need to keep in mind the massive structural problems it is trying to fix. The fundamental problem that has perplexed ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
... report, which called on the Government to clarify each of ASIC and APRA roles and powers. According to the Productivity Commission, the corporate and prudential regulators suffer from "confusing and opaque" conduct regulation arrangements for the superannuation ...

Specialist SMSF advisers need only apply

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... additional requirements that financial advisers must comply with before they provide SMSF advice. The Productivity Commission is again calling for specialist training for those financial advisers wishing to advise on SMSFs with the report suggesting ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
The Productivity Commission reinforced several recommendations flagged in mid-2018 in a bid to modernise the $2.7 trillion industry, which included shaking up the default sector. The Commission handed down 31 recommendations in its final report in assessing ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... Commission's report," he said. ASFA chief executive Martin Fahy said it was disappointed with the Productivity Commission doubling down on the best-in-show list as a mechanism for allocating default super. "This approach risks creating an oligopoly ...

ASIC to examine super fund and employer connections

HARRISON WORLEY  |  TUESDAY, 8 JAN 2019
... for employer funds to be included in a best-in show list of recommended default funds proposed by the Productivity Commission. WSSA said employer funds were entitled to be included as an 11th option on the list, because employer funds "are not just off-the-rack ...

ASIC appoints second deputy chair

KARREN VERGARA  |  FRIDAY, 7 DEC 2018
... has filled its second deputy chair position to replace Peter Kell, who finished up yesterday. Outgoing Productivity Commission deputy chair and commissioner Karen Chester will commence on 28 January 2019 for a five-year period. Chester was appointed ...

Superannuation fund comparison tool launches

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... Commission hearings exposed super funds putting commercial self-interest before member interests, while the Productivity Commission exposed the market failure of the default super sector," he said. "The solution is not more super funds-that is the last ...

IFM Investors chair lays out priorities

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... past. He reiterated that industry funds were beating retail funds in performance, as published in the Productivity Commission report's research, but said ISA doesn't believe retail funds should be wiped off by the government all together if they ...

Investment manager chair retires

DARREN SNYDER  |  FRIDAY, 30 NOV 2018
... been dealt to "corrupt sales commissions in financial planning" at the Royal Commission. And both the Productivity Commission and the Royal Commission were recognising "that the industry super model is superior."