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 […]

A focus on positive member outcomes

On 08/02/2019

2018 was a challenging year for the Australian superannuation sector. There have been ongoing delays in implementing the Protecting Your Super Package (PYSP) from the Federal Budget and much anticipation over the release of the Productivity Commission and Royal Commission Reports. Prolonged uncertainty in the country’s leadership provided little guidance on the future. In contrast […]

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 […]

Shifting the focus from Budget to Code

On 15/01/2019

It was a tense time for the superannuation industry as the Senate approached its final sitting week of 2018. We all waited to find out whether the Protecting Your Superannuation package (PYSP) legislation would pass and if so, with what amendments. The announcement of the legislation at the May Federal Budget had been a surprise […]

Rice Warner: Year in Review 2018

On 13/12/2018

The Rice Warner team wish you and your family a Merry Christmas and a safe, enjoyable and well-deserved break. We look forward to working with you in 2019. Take a look at our Year in Review

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