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Showing 1 - 10 of 14 results for "Productivity Commission Inquiry"

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... 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 confusion ...

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 ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... Frydenberg push through numerous legislative reforms stemming from the banking Royal Commission and Productivity Commission inquiry into superannuation. This includes the proposed conduct accountability regime, single default account, advice fee deductions ...

Retirement expert joins Milliman

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
... for the financial services industry as it deals with the fallout from the Royal Commission and Productivity Commission inquiry into superannuation. At the same time, the industry is also faced with developing a range of new income-focused products that ...

Super funds not future ready: Mercer

EMMA RAPAPORT  |  WEDNESDAY, 7 JUN 2017
... consolidation to affect their own fund. Additionally, 58% of funds regard government regulation and the Productivity Commission inquiry as their fund's top risk, and 55% view it as a dominant force shaping the industry. The report also shows inconsistencies ...

Consumers need super default safety net: ISA

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
... newly-released ISA white paper on behavioural economics said. The ISA argued that the Murray Inquiry, the Productivity Commission Inquiry "have both rejected calls for deregulation of default fund selection and concluded that members of workplace default ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
... However, aged care services in Australia are often insufficient, overcrowded and underfunded. A Productivity Commission inquiry on aged care in 2011 found 366 people would be turning 75 years old every day in Australia in 2013, but that the number is ...

Infrastructure key in battle against SMSF exodus

JAMES FERNYHOUGH  |  FRIDAY, 15 NOV 2013
... is super to invest in infrastructure; and one of the barriers is liquidity." However, he said a Productivity Commission inquiry into the costs of infrastructure announced by the government on 13 November will hopefully act as a catalyst to bring up the ...

Aged care services under funded and set to worsen

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
... Australian Unity group executive of Retirement Living Services Derek McMillan said. McMillan quoted a Productivity Commission inquiry on aged care that found that the sector is 30% under funded. He added that 366 people will be turning 75 years old every ...

Shorten reins in employer involvement in default super

MELANIE TIMBRELL  |  THURSDAY, 23 AUG 2012
Minister for Financial Services Bill Shorten has been accused of 'gazumping' the Productivity Commission inquiry into default super by moving to head off options that would give employers more choice in fund selection. The Minister yesterday pointed ...
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