Today’s release of Australian Prudential Regulatory Authority (APRA) performance data has again highlighted the market failure of Australia’s super system. The data is evidence of the phenomenon that in super: “the more you pay, the less you get”.
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Industry Super Network (ISN) called on the Institute of Public Affairs (IPA) to disclose the names of its corporate donors behind a critical report on Industry Super Fund trustees reported in The Fairfax press on Saturday 20 March, 2010.
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The Financial Planning Association’s (FPA) admission that they want to retain commissions on insurance proves that self-regulation won’t resolve conflicts of interest in financial planning.
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Anticipated reforms requiring financial planners to act in the best interests of their clients could more than double the number of people receiving financial advice and add 10 per cent to Australian savings within 15 years, according to new research by Rice Warner Actuaries.
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