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Showing 1 - 10 of 307 results for "Productivity Commission"

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... ill-prepared in managing their inheritance. The $3.5 trillion Australians will inherit by 2050, according to the Productivity Commission, is more likely to be $4.9 trillion based on CoreData Research. This excludes $3.7 trillion of superannuation and ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
New research from the Productivity Commission has revealed changes to income and wealth levels during COVID-19. "The initial pandemic period saw an unprecedented decline in income inequality. The incomes of lower-income households grew rapidly in relative ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... income falls short. The government has set forth a goal to double charitable giving by 2030, entrusting the Productivity Commission with the task of proposing policies that could propel Australia towards achieving this objective.

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... opportunity to earn investment returns on those amounts," ASIC stated in its filing. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. "AustralianSuper regrets that its processes ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
A new report from the Productivity Commission finds that the agriculture sector is turbocharging the Australian economy well ahead of other industries, thanks to the favourable weather conditions of recent years. The newly released Productivity Commission ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... accounts, a portion of which were people with more than one account with the same fund. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. Following the review, three super ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... data, funds can cross and up-sell offerings as well as design new initiatives," he said. Meanwhile, the Productivity Commission has warned Australians paying more than 1.5% of their total superannuation balance in fees are likely being hit by the 'fees-for-no-service' ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... regulators, confessing to overcharging current and former members with more than one account. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return ...

Next generation stands by family adviser: Survey

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... Australia, about $1.5 trillion has been passed on to the next generation since 2002, according to the Productivity Commission. The average age of the recipient is 50 years old and inherits about $125,000. Nuveen head of global sales and adviser development ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... be applied to accessing "highly tax-advantaged" superannuation. It also cited a 2015 estimate from the Productivity Commission that raising the access age to 65 would boost workforce participation by about 2%, easing pressures caused by the ageing population. ...
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