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Showing 131 - 140 of 305 results for "Productivity Commission"

SMSF investment platform begins, announces senior hire

DARREN SNYDER  |  WEDNESDAY, 28 NOV 2018
... their portfolios." The firm cites data that suggests 85% of Australians do not get financial advice, and a Productivity Commission report showing about 70% of SMSF trustees make their own investment decisions without advice. Yet "these unadvised investors ...

Productivity Commission pushes for superannuation scale benefits

KARREN VERGARA  |  MONDAY, 26 NOV 2018
The Productivity Commission has made another "compelling" argument for economies of scale in superannuation, estimating it to save the industry $340 million each year. The benefits however, aren't flowing to members. In its final supplementary paper ...

Knowledge, action gap puts SMSF savings at risk: Research

JAMIE WILLIAMSON  |  MONDAY, 19 NOV 2018
... the right assistance from the start, not when you hit a certain number." The argument was made in the Productivity Commission's draft report which stated SMSFs with less than $1 million perform significantly worse than institutional funds as a result ...

FSC moves to protect retail super from ALP 'tinkering'

HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
... with balances below $100,000, and could add up to $850 a year to the balance of a retiree. Drawing on Productivity Commission data, the council said its survey found 33,000 retail superannuation accounts of full-time workers - whose average franking ...

Assistant Treasurer warns super funds to lift engagement game

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
... said. Even the government is pulling its weight, he said, adding that the ATO has to fill the gap. The Productivity Commission estimates there are currently 10 million multiple super accounts. Per member, this works out to be an average of 2.2 accounts ...

Productivity Commission counters group insurance research

KARREN VERGARA  |  MONDAY, 29 OCT 2018
The Productivity Commission has taken a deeper dive into insurance inside superannuation and cast doubt into the sector's ability to help the Government alleviate social security payments. Releasing a supplementary paper to its May draft report ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... like accidental death and accidental injury products should not be sold at all. They questioned if the Productivity Commission's competition in the Australian financial system report published in June 2018 is sufficient to address the problems that can ...

Best-in-show super fund list should be 11: WSSA

KARREN VERGARA  |  TUESDAY, 11 SEP 2018
Workplace Super Specialists Australia is calling for employer funds to be included in the Productivity Commission's proposed best-in-show list of recommended default superannuation funds. WSSA chief executive Douglas Latto said if the Productivity Commission's ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... administration fee of $11.50, as well as 0.53% of indirect costs in subsequent consolidations. In May, the Productivity Commission draft report estimated there are about 10 million unintended multiple accounts - this represents 35% of the total accounts ...

SMSFs too conservative: Poll

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... a group - including those in pre-retirement accumulation phase - are "surprisingly conservative." The Productivity Commission's May 2018 report notes SMSFs are inefficient compared to MySuper products unless they have at least $1 million. The SMSF Association ...