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Showing 6161 - 6170 of 18124 results for "superannuation"

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 ...

Superannuation a mystery to students: survey

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... a "startling knowledge gap" in super, with close to half of Australian students knowing little to nothing about superannuation. Student Super's survey also found that 42% percent of the polled students were unsure about how much money they had in ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... key point of the Retirement Income Covenant (which was released after the PC draft report) was that it asked all superannuation funds to offer a new, hybrid retirement product that goes beyond the standard account-based pensions. CIPRs need to provide ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The final report recommends ASIC should 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 ...

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... commission states that the time for transition is over; "the commission supports a full ban of all commissions on superannuation products, which will likely have the effect of reducing the fees currently paid by members of some retail products." Referencing ...

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 ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... account, this measure would allow consumers to more easily compare the appropriateness of different products, such as superannuation funds, platforms, and other managed investment schemes." It was a glaring omission that the Australian Institute of Superannuation ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
ASIC and APRA both scored scathing assessments in the Productivity Commission's superannuation report. The regulators sharing responsibility for the oversight of Australia's finance system copped a grilling in the Commission's final report ...