What it means for super funds

On 19/03/2020

The coronavirus, COVID-19, continues to dominate the news. Share markets, which always respond more rapidly than governments, have reacted by turning the Bull market (which started in 2008) into a Bear market within a few weeks – with the latest oil crisis not helping. Despite initial hope that the virus would be a temporary dislocation, […]

The age-old debate about the validity of commission payments

On 21/02/2019

The purpose of commission Many industries pay commission to distributors of products. Manufacturers benefit from the variable cost – no sale, no payment – which can be built into the product’s price. Sales people also like commission as their income is not capped, and good ones can earn high levels of income. One of the […]

Productivity Commission parts company with the evidence

On 24/01/2019

The end of yet another superannuation inquiry The Productivity Commission (PC) has just finished a three-year comprehensive analysis of the superannuation industry. It issued its final report to Government (and the Royal Commission into Misconduct in the Banking, Financial Services and Superannuation Industry) in late December and the report became public on 10 January 2019. Advance copies […]

Budget 2016 – Simply Super?

On 05/05/2016

Superannuation is a central part of Treasurer Morrison’s first Budget. The cunningly crafted changes retain the attractiveness of superannuation as the preferred savings vehicle for retirement whilst making the system far more equitable. There is an improvement in simplicity in some areas. About 4% of Australians will be worse off through the changes. Collectively, the […]

The Financial System Inquiry – Where next for superannuation funds?

On 09/12/2014

The final report of the Financial System Inquiry (FSI) was released on Sunday 7 December. The report is critical of the superannuation industry and makes some telling recommendations for change. The government appears to be pleased with the contents of the FSI final report, but not all suggestions will receive bipartisan political support. We discuss […]

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