A new report shows how hysterical the financial planning industry has been in its opposition to reform.
Superannuation
Your Say: Daily Mail readers' feedback: Where have all the flowers gone?
Crikey readers have their say.
The 2011 Crikeys: the government policy hits and misses
2011 was the biggest year in economic policy for a long time - which isn’t saying much. What was best and worst?
Political snippets: A worry to come for the government.
The sagging public confidence about economic conditions that the pollsters are reporting is unlikely to be improved when workers get their next statement from superannuation funds.
Political snippets: Nationals look set for a Kiwi win
If the Crikey NZ Election Indicator is any guide it will take something more miraculous that a foot of snow to see the National government lose this weekend.
Keeping Labor’s 12% — why not the Howard-Costello approach?
Don’t worry too much about the Coalition’s promise to fund the compulsory super increase - it’s dealt with this problem before.
Your Say: Daily Mail readers' feedback: Why (in principle) European union is a great idea
Crikey readers have their say.
Gottliebsen: short-changed by a super gamble
The G20 Financial Stability Board has alerted Australia that our banking sector is becoming too exposed to the commodities boom, writes Robert Gottliebsen.
Your Say: Daily Mail readers' feedback: Remembering Guy Fawkes Night
Kindle winners: Crikey writes: As if a subscription to Crikey isn’t inherently valuable enough, there’s a reasonable chance you could pick up your very own Amazon Kindle 3G+Wi-Fi, too. We’re giving away 10 over the next 10 days. Thursday’s winner is Lucinda Fairrie — congratulations. Four gone — six to go — get your entry in today. A Fawkes in opinion: […]
Shorten crafts a major reform on compulsory super
Bill Shorten looks like ushering in a major Labor reform to superannuation. And he even has the industry backing him.
Your Say: Daily Mail readers' feedback: Forget game theory, Abbott’s a boxer
Crikey readers have their say.
Kohler: stranded at super’s ground zero
The aim of retirement incomes policy in Australia for two decades has been to shift the burden of risk to individuals before the next big bear market hit. It worked quite nicely.
Participation and mobility dominate Tax Forum paper
Wayne Swan has released the government discussion paper for its Tax Forum in October.
Essential: voters back Labor on welfare, support grows for carbon tax
Support for a carbon price has risen again, and voters are happy to see high-income earners face a Budget shave on middle-class welfare.
Shorten delivers on financial planning reform
Bill Shorten has delivered on reforms to financial planning that will yield big benefits for Australia decades hence.
The strange reform hypocrisy of Australian business
Australian business has an ordinary record of backing economic reform.
Convincing politicians to opt out of financial services reform
A low-profile campaign is underway to convince politicians to reverse a key financial services reform that will save Australians billions.
An idea for Wayne and Joe from Germany
Treasurer Wayne Swan and would-be Treasurer Joe Hockey have been mouthing platitudes for months now about how to stop banks taking advantage of borrowers, but what about superannuation investors? Time to look to Germany, suggests Richard Farmer.
Super-sized aim to rort the Independents
One of the many powerful interest groups seeking to influence the independents and the Greens in search of support for policies that may be at risk, is the very powerful superannuation industry.
People don’t care about super
The Cooper Review of superannuation overturns a key underpinning of the investment regulatory framework: that investors are rational and informed. When it comes to super, the review says, many of us aren’t.
Art dealers slam ‘meaningless bureaucratic bullshit’ for indigenous industry
From the managers of the remote art centres to the big-city galleries that deal in the fine-art end of the Aboriginal art market, all are still saying that the Resale Royalty scheme will prove to be a financial disaster.
Cox: The fairy tales being told of the RSPT
Sure, I’d like the big bad miners to pay more tax, writes Eva Cox. Who wouldn’t like some extra funds in the public kitty to spend on socially useful ends? But, that’s not what the RSPT is about.
Our tax expenditures are world-beating, but are they effective?
Australia has one of the world’s highest levels of tax expenditures, with $350 billion this year. But this government sees them as much as a source of easy savings as of good policy.
Super: Reckless Labor’s great unfunded swindle
Labor is doing virtually nothing about Australia’s huge middle-class welfare system. The Australian public sector is living beyond its means such that big tax rises and spending cuts are inevitable.
Henry Review: Super increase will hurt low income earners
The raising the super guarantee level to 12% is a sop to the super industry, the ACTU, and a return to Paul Keating’s dream. However, it ignores the serious questions of equity that make extra super not particularly desirable for those on low and intermittent incomes.
