The final report from the Royal Commission is likely to result in major change for the superannuation industry – both for super fund members and for trustees and executives managing the large super funds.
Set out below are all SuperGuide articles that relate to Superannuation news.
Treasurer Josh Frydenberg was glossing over history when he said the final report of the banking royal commission “endorsed many of the themes and individual reforms the government is currently pursuing”.
The Royal Commission’s 9 recommendations for super including trustees’ obligations, selling superannuation, nominating default funds and regulation.
The 700+ pages in the Productivity Commission’s report on superannuation hold a treasure trove of insights for policy makers, regulators and super funds. We can only hope everyone takes note and makes improvements that flow through for all Australians.
The Productivity Commission final report on superannuation is a weighty tome covering the diverse aspects that make up the world of super. We’ve extracted the key issues and findings for the SuperGuide readers that would like to dive deep.
Australia’s current super system is “harming millions of members” through underperforming funds, multiple accounts and excessive fees.
In this article, I dig into this subject in more detail, particularly for those who hold their shares directly in their own names, to show what the ALP proposal really means and how it would operate.
The Australian Labor Party’s proposal to deny a cash refund on excess franking credits from Australian shares has very similar effects to the destructive and self-defeating consequences of the federal government’s 2017 changes to the Age Pension asset test.
Announcing a government inquiry is always big news, but when the Australian Government declared it was establishing a royal commission into Australia’s banks, it really made a splash.
In a recent survey we uncovered some interesting gender differences which we will discuss in this article. Some of these are expected, but others were a surprise.