Banning sales commissions from financial advice on superannuation assets will increase super fund members’ retirement incomes and ultimately benefit the financial planning industry, said Paul Howes, member director of AustralianSuper and national secretary of the Australian Workers Union.
ING Australia’s chief investment officer has pointed to four possible scenarios that will dictate strategy for the now wholly ANZ-owned wealth management entity. 
Local private equity companies are in for competition from the US-based Riverside Company which has just opened an office in Melbourne. 
The Federal Government’s limp response to the Productivity Commission’s executive remuneration report could cost the equities market $34.7 billion as investors shift to bricks-and-mortar and cash, according to a superannuation expert. 
Eddy Schipper 
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