Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 100+ results for "Productivity Commission"

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... move is unlikely to prevent consumer confusion. Both the Financial System Inquiry's final report and Productivity Commission Inquiry Report into Competition in the Australian Financial System recommended the re-labelling of general advice to prevent ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... in the country." Cbus executive for brand, advocacy, engagement and product Robbie Campo added that the Productivity Commission identified choice products as the worst performing in the sector and therefore stapling a member to a fund could have significant ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... the bill is able to do so. The problem with the model is that it operates in the reverse way that the Productivity Commission envisaged, he said. The Productivity Commission proposed a quality filter, which ultimately led to the top 10 best-in-show funds ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... in residential real estate assets. ASFA says none of the recent major superannuation reviews (including Productivity Commission, Royal Commission, Retirement Income Review and Jeremy Cooper and David Murray's reviews) have recommended early release of ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... Amendment (Your Future, Your Super) Bill 2021 is the culmination of about three years' work of the Productivity Commission and financial services Royal Commission attempting to address "structural flaws in the superannuation system", the explanatory ...

Prioritise underperformance over stapling: AIST

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
The Australian Institute of Superannuation Trustees says the new Your Future, Your Super laws should prioritise underperformance ahead of stapling as existing members stuck in dud funds will be worse off. In its submission to the draft legislation ...

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 ...
PREVIOUS
NEXT