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Showing 51 - 60 of 328 results for "Productivity Commission"

New super benchmarking flawed: Rice Warner

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... to Rice Warner. Rice Warner said the proposed package to implement some of the recommendations by the Productivity Commission (PC) poses some issues in effectively cracking down on fund underperformance. "One of the proposed changes is to monitor the ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... Pension, superannuation and voluntary savings, and does not propose recommendations similar to what the Productivity Commission would do. Hume said that paving the "glide path" between accumulation and decumulation phase was an important consideration ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... competition in the market growing so much. This was concerning to the government, Hume suggested, as the Productivity Commission had found keeping fees in these default products as low as possible was integral to retirement outcomes. A new, clearer articulation ...

FPA renews calls for advice definition changes

ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
... personal advice. The report echoed the recommendations of the Murray Financial System Inquiry and the Productivity Commission reports which suggested the term 'general advice' is likely to lead to false expectations about the value of advice received. ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... self-assessment under existing law will be amended accordingly," the government said, adding it puts a Productivity Commission recommendation into motion. Over time, other investment options which are made available by the trustee will also be subjected ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... Competition Policy Review, Financial System Inquiry, Treasury's 2017 ASIC Enforcement Review Taskforce and the Productivity Commission's 2014 report in mind.

Fees fall after super mergers: Research

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
Members whose super funds have merged in the last three years have seen their fees decrease by 20%, according to new analysis. Rainmaker looked at 13 mergers involving 22 super funds; 11 traditional mergers, the integration of Virgin Super and Mercer ...

New law backs choice of fund

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2020
... requirements," the memorandum said. The bill addresses the findings of the Financial System Inquiry and the Productivity Commission Inquiry into superannuation, which found that denying choice of fund can discourage member engagement and lead to paying ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... includes floating the idea of restricting the number of superannuation funds to just 10 ("best in show", productivity commission), Future Fund managing default retirement savings, separating superannuation from workplace agreements and the place of self-managed ...

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote.