AIST

Superannuation

Indigenous people’s super engagement hampered

The lack of identification such as driver’s license and passports are hindering Indigenous people’s ability to engage with super, a report finds....

Superannuation

Govt response to grandfathered commissions disappointing: AIST

The new law does not remove the incentive for advisers to recommend poorly performing and expensive products....

Superannuation

Retail super funds, down but not out

The chief executives of Australia’s major superannuation industry bodies agree that retail superannuation funds have faced tough times in the wake of the Royal Commission...

Policy & Regulation

Industry funds urge publication of firm level complaints data

The number of complaints received about individual firms should be available to financial services customers, according to the Australian Institute of Superannuation Trus...

Superannuation

Rule out damaging the SG urge industry funds

The two major industry superannuation fund groups have urged the Government to rule out tampering with or delaying the scheduled increases in the superannuation guarantee...

Superannuation

AIST seeks raise in Superannuation Guarantee

The Australian Institute of Superannuation Trustees has called for the Superannuation Guarantee to be raised to 12 per cent rather than held at 9.5 per cent in order to p...

Superannuation

AIST precipitates APRA’s separation of superannuation

The Australian Institute of Superannuation Trustees flagged that superannuation needed different treatment to other institutions by the Australian Prudential Regulation A...

Superannuation

Industry fund concern at insurance changes

Industry superannuation funds body, the Australian Institute of Superannuation Trustees has described the Government’s reintroduced legislation impacting insurance inside...

Superannuation

Consumers warned to act urgently on group insurance

As 1 July quickly approaches, consumer interest groups are campaigning hard to remind super fund members with inactive accounts that this is their last week to preserve t...

Policy & Regulation

Industry funds urge AFCA to identify culprit firms

The Australian Financial Complaints Authority has been urged to identify the firms against which complaints are being made as well as their suppliers such as insurance co...

Superannuation

Push for easier super fund comparability

Research revealing how alarmingly little consumers know about their super funds’ performance has strengthened calls for the Government and industry to provide an easy-to-...

Superannuation

Industry funds mark both parties down on Age Pension taper

Industry funds body, the Australian Institute of Superannuation Trustees has marked down both the Labor Party and the Coalition for failing to address the Age Pension tap...

Policy & Regulation

Identify the complaints culprits urge industry funds

Industry superannuation funds are urging the Australian Financial Complaints Authority to publish data which identifies which particular types of financial services organ...

Policy & Regulation

Industry funds reject grandfathering rebates

Industry superannuation funds group, the Australian Institute of Superannuation Trustees has rejected the Government’s proposals for a rebate scheme covering grandfathere...

Superannuation

Have retail funds learned nothing from Royal Commission?

New industry funds research points to a continuing glaring gap between the fees charged by bank-owned retail superannuation funds and those charged by industry funds....