Australian Productivity Commission launches Stage Three of the superannuation system inquiry

In view of our previous blog on the FCA UK report, it should be noted that the Australian government has asked the Productivity Commission to:

"undertake a 12-month inquiry into the competitiveness and efficiency of Australia's superannuation system. This represents the third stage of the Commission's review of the competitiveness and efficiency of Australia's superannuation system".

The draft Report is due in January 2018 and the Final Report in June 2018.The report progress can be monitored on the Productivity Commission website:

http://www.pc.gov.au/inquiries/current/superannuation/assessment

Comment:

It will be interesting to see if the Australian report finds similar issues to those found by the UK FCA report and if the recommendations are implemented as the new Federal election cycle approaches. .