Australia

Topic: Superannuation

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The Murray Inquiry – Superannuation

The Murray Inquiry’s Final Report was a mixed bag for the super industry, with some recommendations going some way toward addressing the needs of industry and consumers but with many of the hard decisions left for another day and another review. Improving efficiency The Inquiry clearly has reservations about the effectiveness of the Stronger Super … Continue Reading

The Murray Inquiry – International competitiveness and the funds management sector

The Murray Inquiry’s Final Report brings good news for the funds management sector and its desire to compete internationally.  This is described as a priority area of reform and Government action as it is a key component of getting the blueprint right for the Australian financial system into the future. The Inquiry’s rationale for supporting … Continue Reading

The Murray Inquiry – Primary themes

The Murray Inquiry asserts that Australia’s financial system has performed well since the Wallis Inquiry and has many strong characteristics.  But it also has a number of weaknesses: taxation and regulatory settings distort the flow of funding to the real economy; it remains susceptible to financial shocks; superannuation is not delivering retirement incomes efficiently; unfair consumer … Continue Reading

The Final Report of the Murray Inquiry

On Sunday 7 December 2014 the Federal Treasurer, Mr Joe Hockey, released the Final Report of the Financial System Inquiry (or ‘Murray Inquiry’ after its Chair, David Murray) having received it at the end of November in accordance with the Terms of Reference.   The Inquiry was established by the Treasurer in December 2013 to review … Continue Reading

ASIC works with industry on digital disclosure

After recently releasing a consultation paper aimed at facilitating innovative financial services disclosure (see our previous blog), ASIC has announced a joint industry project to develop such innovative disclosure. As part of the project, ASIC will work with AMP and Vanguard to develop and user-test a short, online ‘key facts’ sheet and a self-assessment tool … Continue Reading
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