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Search ResultsShowing 1 - 10 of 100+ results for "Productivity Commission"
Treasury expected to release retirement review
KANIKA SOOD  |  THURSDAY, 19 NOV 2020
Nearly four months after Treasury received the Retirement Income Review's final report, it is expected to be released to the public tomorrow. An independent three-person panel of Treasury veteran Mike Callaghan, former Future Fund board member and ...
AIST pokes holes in Your Super, Your Choice
JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... approach risks making outcomes worse for members that remain in the product, which is out of step with the Productivity Commission's recommendation that APRA take decisive action to oversee or direct a transfer of members to a better fund. And if the ...
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
... in the superannuation sector has ramped up in recent years, particularly following the release of the Productivity Commission's report that determined there were too many super funds offering too little value to members. Most recently, NGS Super and ...
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 ...
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