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Monday, May 28, 2018

Superannuation industry exposed in landmark report...

News you can trust, opinions you can't ignore
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May 29, 2018
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A Productivity Commission report has found Australians are losing $2.6 billion a year in fees and insurance premiums on extra superannuation accounts.
Prime Minister Malcolm Turnbull says the government will clarify its position in regards to Tasmania's GST payout before the Super Saturday by-elections on July 28.
Former deputy prime minister Barnaby Joyce has defended his decision to accept $150,000 for a tell-all interview with Network Seven.
The Commonwealth Bank has denied it ever bullied Bankwest business customers into better loan terms for the bank, following its acquisition of Bankwest during the height of the 2008 global financial crisis.
An Adelaide man has been charged with murder after he allegedly used a hammer to beat his 74-year-old neighbour to death. Dion Hewitt was allegedly set upon inside his Flinders Park property yesterday.
New Zealand's government has ordered the culling of 150,000 cows in a move to eradicate a disease-causing bacteria. The country would become the only nation in the world to rid itself of Mycoplasma bovis should it prove successful.
Queensland Police have charged three people over the 'woodchipper' murder of a 54-year-old man near Gymie last November.
The implementation of a short list of 10 'best in show' super funds could see a large reduction in competition and the number of funds available to the public, the Association of Superannuation Funds of Australia CEO Martin Fahy told Sky News.
A Productivity Commission report has found Australians are losing $2.6 billion a year in fees and insurance premiums on extra superannuation accounts.
Labor frontbencher Brendan O'Connor has slammed the rate at which crossbench Senators are switching their political allegiance. The Shadow Minister for Employment has told Sky News recent movements are contributing to serious instability.
Deputy Prime Minister Michael McCormack has told Sky News the Tasmanian Liberals should be 'delighted' with Senator Steve Martin's decision to join the National Party.
The latest Newspoll has revealed more voters trust Labor to deliver lower power prices and secure supply than the Coalition.
The European Commission has outlined a plan to ban single-use plastics, including straws and cutlery, in order to move towards permanent and environmentally friendly alternatives.
The majority of Syria's urban centres are back under the command of President Bashar al-Assad after his forces reclaimed the last ISIS stronghold in the capital Damascus.
The Australian journalist Michael Roddan has told Sky News that the superannuation industry has largely been operating for self-benefit.
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