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| | | The Productivity Commission has released its anticipated draft report on alternative default models in superannuation, looking at ways to introduce more competition in a system where members do not exercise fund choice. The commission has developed ... |
| | | | ... our ongoing work and ensure smooth implementation of the new super tax changes and, most importantly, our advocacy on default fund selection to ensure that Australia's compulsory super system continues to offer the highest level of consumer protection ... |
| | | | ... selected by the Statewide Super team," Comito said. Statewide Super is a AAA-rated fund as assessed by SelectingSuper. Its default MySuper option was ranked number one for performance in the three years to 30 June 2016. |
| | | | ... accounts or in personalised testimonials. As a retail product, Spaceship GrowthX will not have access to the workplace default MySuper option, meaning that members will have to actively transfer their funds into Spaceship and away from their employer's ... |
| | | | The just-released "OECD Economic Surveys, Australia" provided a pretty growth picture of the domestic economy, forecasting GDP growth of 2.6% this year and 3.1% in 2018 - one that would lower the current jobless rate from 5.7% (January 2017) to 5.5% ... |
| | | | ... Australia is urging the Productivity Commission to reject the consideration of adopting a Chilean-style tender process for default super in Australia. ASFA's latest research paper says adopting the Chilean system would be a solution looking for a problem ... |
| | | | ... do not match their needs. "Despite life insurance being one of the major features of many superannuation products, with default options required to offer it on an 'opt-out' basis, life insurance is not included in these dashboards." The group said that ... |
| | | | ... deal, Komatsu, Clough and one other major company (undisclosed as at time of publication) chose AustralianSuper as the default superannuation fund for their employees starting June this year. All three fall under the category of large employers with ... |
| | | | ... productive and effective," she said. "The Productivity Commission is tasked with this at the moment. We believe if the default system is opened up to competition, that will be quite beneficial for consumers because they will be able to exit underperforming ... |
| | | | Suncorp paid a total of $530,000 in penalties for breaching consumer protection laws. ASIC said Suncorp's breach of consumer credit notification provisions occurred as a result of an internal error, which prevented a "large number of consumers" from ... |
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