Productivity Commission has handed super system efficiency & competition report to Government

The Productivity Commission has given its report on the efficiency and competitiveness of superannuation to the Government. Though it might not be released before the next Federal election.

Update: The Government has released the Productivity Commission report, but is

Government calls for submissions to brought forward 2019/20 Budget

The Government is calling for submissions for its brought forward 2019/20 Federal Budget, which is expected to be held in early April.

“The Government is seeking submissions from individuals, businesses and community groups on their views regarding priorities for the

Super funds at risk of first calendar year investment loss since 2011

Superannuation funds are at risk of their first calendar year of investment losses since 2011.

SuperRatings said November was the third consecutive month of investment losses for superannuation funds. They found the median balanced option (accumulation) was down 0.6% for

SMSFs likely to switch to international shares under Labor franking credit plan

SMSFs are likely to switch from Australian shares to international equities if Labor’s plan to stop refunds of dividend franking credits goes ahead.

Labor plans to stop refunds of excess franking credits for most taxpayers, with exemptions for Age

Labor would add superannuation to National Employment Standards

A Labor Government would make it easier for employees to pursue unpaid superannuation without depending on the ATO.

At the Labor National Conference it was announced that Labor would include superannuation in the National Employment Standards. The National Employment Standards

Satisfaction with performance of industry and retail funds continues to fall

Satisfaction with the financial performance of industry and retail super funds has continued to fall, after falling as the Financial Services Royal Commission turned its attention to superannuation.

According to the latest Roy Morgan figures, 61.8% of industry fund

SMSFA calls for auto approval of CPD by licensees under FASEA rules

The SMSF Association is calling for CPD from a professional association to be automatically approved by licensees by under new Financial Adviser Standards and Ethics Authority (FASEA) rules.

The SMSF Association says FASEA should do this to achieve “consistency, clarity