It is normally a bad idea to let super funds borrow, but these aren’t normal times. There’s a (limited) case for allowing them to borrow from the Reserve Bank.
The ASIC inquiry into how mortgage brokers are paid won’t do much to change an already competitive system.
Financial System Inquiry chair and former Commonwealth Bank chief David Murray is party of a group of people calling for a legislated ‘objective’ of super.
Joe Carrett/AAP
Kevin Davis, Australian Centre for Financial Studies
Calls for GST on banking make sense, but working out the ultimate benefit is no easy task.
Almost a year after it was finished, the government has responded to the Financial System Inquiry, agreeing with the majority of its recommendations.
Lukas Coch/AAP
Voluntary administration was considered a state-of-the-art rescue procedure for struggling companies in 1993. But is is time for another wide-ranging review of our insolvency laws?
Enabling consumers to keep their bank account numbers when switching institutions will encourage greater competition.
AAP Image/Dan Peled
It’s a pain to change mobile providers, but at least keeping your number is easy. It’s much more of a pain to change banks and much of that pain is because we have to change bank account numbers. Why don’t…
NAB chief Andrew Thorburn has been forced to defend the bank’s reputation after the actions of rogue financial planners were revealed.
Dean Lewins/AAP
While financial planning is on the pathway to professionalism, its education standards continue to be the subject of much discussion – and for good reason. The current standards set by ASIC mandate a comparatively…
The Financial System Inquiry says the purpose of superannuation is to provide a retirement income that can substitute or supplement the age pension.
Lukas Coch/AAP
David Murray’s Financial System Inquiry may call for the removal of superannuation tax breaks but the government’s tax discussion paper, due to be released next week, is unlikely to advocate similar changes…
Big nest egg or small: shouldn’t super fund trustees meet the same professional standards as individual financial planners?
Image sourced from www.shutterstock.com
Finally, Financial System Inquiry chairman, David Murray, has brought some consistency into two hot debates running in finance. Parliament, financial media commentators and a whole range of vested interests…