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Understanding member behaviour

  • On 05/10/2016
There is currently no means to measure the quality of decisions by superannuation fund members. This is despite most members being able to choose their superannuation fund and their investment strategies. As Rice Warner states in its recent submission to the Productivity Commission’s draft report, How to Assess the Competitiveness and Efficiency of the Superannuation […]
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Productivity Commission – Four different groups of superannuants

  • On 28/09/2016
The Productivity Commission’s investigation into competitiveness and efficiency in the superannuation industry intends to take a ‘whole of market’ view when assessing the industry on a number of efficiency measures. However, we note that although this view of the market may be useful the market itself is not homogenous. It is important to consider the […]
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Superannuation efficiency and competitiveness: Rice Warner’s submission to the Productivity Commission

  • On 22/09/2016
In its final report (November 2014), the Financial System Inquiry (FSI) commented that “the superannuation system is not operating efficiently due to a lack of strong price-based competition”. Amongst several significant recommendations for change in the superannuation industry, it gave notice that more efficiency is needed or a new system of allocating new default fund […]
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Underpinning superannuation growth

  • On 22/09/2016
Rising employer contributions, which currently make up almost 80% of total annual contributions, will continue to underpin the strong long-term growth of superannuation assets. APRA statistics for the past 10 years show the steady growth of employer contributions and the widening of the considerable gap between employer and personal contributions. By contrast, non-concessional contributions have […]
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Winding back a decade of generosity

  • On 16/09/2016
After months of backlash from the wealthy and Abbott’s media friends, and frequent point-scoring from Labor, the Coalition government has finally conceded and changed its package of superannuation reforms. In particular, it has removed its proposed lifetime cap of $500,000 on non-concessional contributions, which was backdated to 2007. Widely seen as the most controversial of […]
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