PRODUCTIVITY COMMISSION

Superannuation

Federal Treasurer, Scott Morrison has attacked industry default funds as being little more than a fire hose of members’ money for which the funds themselves do not even h...

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SMSF

The Productivity Commission’s finding that many people have their superannuation in underperforming funds also extends to self-managed super funds, according to SMSF Benc...

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Superannuation

The Minister for Revenue and Financial Services, Kelly O’Dwyer has urged the Royal Commission to take a look at the issues raised in the Productivity Commission’s latest ...

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Superannuation

The Productivity Commission’s draft report into superannuation is a “timely reminder” to self-managed super fund trustees to pay close attention to fees and costs, the SM...

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Superannuation

The new proposals from the Productivity Commission to overhaul superannuation default funds do not go far enough, according to Stockspot....

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Superannuation

The Productivity Commission has delivered a draft report on superannuation competitiveness and efficiency which delivers on the Government’s terms of reference with respe...

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Superannuation

Industry Super Australia has presented new research to the Productivity Commission claiming retail funds are dragging down the value of the super industry by as much as $...

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Superannuation

The rhetoric around the industry versus retail funds debate appears to have overshadowed years of cooperation between the two industry segments, according to a submission...

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Superannuation

Industry Super Australia has told the Productivity Commission that retail fund excuses about member demographics and investment choice do not stand up to scrutiny....

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Financial planning

The Australian Banker’s Association has backed extracting product recommendations from the delivery of advice....

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Financial planning

Replacing the term ‘general advice’ represents a positive step but it may need to be replaced by multiple terms and arrangements, according to the Australian Securities a...

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Financial planning

The Financial Services Council has urged the Productivity Commission to broaden its “very narrow” definition of vertical integration to make its recommendations more appr...

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Policy & Regulation

In the midst of a Productivity Commission inquiry into competition in financial services, the Government has proposed measures to make the Australian Securities and Inves...

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Financial planning

The Financial Planning Association has told the Productivity Commission that product manufacturers should no longer enjoy the licensing exemption which allows them to giv...

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Financial planning

The Insurance Council of Australia has told the Productivity Commission that general insurance agents feel hamstrung by the personal advice rules and want more flexibilit...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago