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Breathing life back into disability insurance

  • On 12/09/2017
APRA statistics show the life insurance industry has lost $1.5 billion over the last four years on retail income protection policies.  This has occurred during a period of stable economic and employment conditions – conditions under which these policies ought to be profitable.  The industry has responded by ramping up premium rates by 30% or […]
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RG97 – will fee disclosure lead to lower investment returns?

  • On 31/08/2017
Amongst the debate about whether the Australian superannuation system is competitive, everyone agrees that disclosure needs to be improved to allow members to make informed decisions about the relative merits of their fund. In theory, members should gravitate towards funds offering them better value – but they need to know enough about all the important […]
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Rice Warner’s submission to the Productivity Commission – Superannuation: Assessing Competitiveness and Efficiency (Superannuation Aspects)

  • On 25/08/2017
This report forms Rice Warner’s submission covering two aspects of the Productivity Commission Issues Paper, Superannuation: Assessing Competitiveness and Efficiency July 2017 (‘Issues Paper’). Rice Warner has provided a separate submission covering insurance aspects of the Issues Paper. In this submission, we have limited our comments to the technical questions put forward by the Productivity […]
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Rice Warner’s submission to the Productivity Commission – Superannuation: Assessing Competitiveness and Efficiency (Insurance Aspects)

  • On 23/08/2017
As part of its inquiry into the competitiveness and efficiency of the superannuation system, The Productivity Commission (‘Commission’) released an Issues Paper in July 2017. This Paper called for submissions from interested parties. This report forms Rice Warner’s submission covering the insurance aspects of the Issues Paper. In summary, Rice Warner’s view is that insurance […]
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The shift from disengaged to ill-informed members

  • On 18/08/2017
Default superannuation has been the great success story of our industry. Since 1992, superannuation default investment options have provided Australians with healthy real returns above inflation in a tax-effective environment. This performance has been the product of high allocations by Trustees to growth assets in well diversified portfolios, with low fees arising from scale. Default […]
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