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DEFAULT FUNDS
Superannuation
The Productivity Commission has signalled it won’t be traversing the default funds issue in its review of the Australian Workplace Relations Framework....
Financial planning
FSI urges opening up default funds to competition along with removing the barriers to post-retirement product development...
Superannuation
Industry fund chief executive wants banks and AMP to abide by a best interest duty when providing super via employers....
Superannuation
FSC claims industry funds are engaging in protectionsit practices by exploiting loop-holes in choice of fund legislation to deny open access to default funds under the ne...
Superannuation
Concerns about the fees being charged on default superannuation funds are prompting calls for the final transition date for savings to be moved to a MySuper account to be...
Superannuation
Financial Services Council chief executive, John Brogden, has labelled the existing default super regime a “racket” which is standing in the way of lower super fees....
Superannuation
Industry fund lobbyists have had a go at the big banks, saying only $13 billion of savings in bank-owned funds have moved into MySuper....
Superannuation
The ISA claims vertical integration and FOFA changes pose risks to fair default fund regime....
Financial planning
The Financial Systems Inquiry interim report has pointed to high super fees and has canvassed auctions for obtaining default fund status....
Superannuation
A major mining group has called on the Abbott Government to remove superannuation as an industrial award issue....
Superannuation
The Fair Work Commission has formally acknowledged that its default fund selection process has been suspended....
Financial planning
The FSC has won its Federal Court case challenging the make-up of the FWC’s expert superannuation panel....
Superannuation
Super funds look at Stronger Super and MySuper reforms either as a chance for compliance or innovation, Mercer said....
Policy & Regulation
Lawyers representing the Financial Services Council have asked the FWC president, Justice Iain Ross, to clarify his intentions on the expert panel selecting default funds...
Policy & Regulation
The controversial Federal Court dispute between the Financial Services Council (FSC) and the Fair Work Commission (FWC) may be defused by a letter from FWC president, Jus...
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Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....