AIST

Policy & Regulation

Industry funds urge no carve-outs for claims handling

Industry funds body, the Australian Institute of Superannuation Trustees has urged that insurance claims handling be subject to the financial advice rules – something whi...

Financial planning

Industry funds want relaxation of advice rules

Two major industry superannuation fund groups have signalled they are advocating for a relaxation of the rules which have “hamstrung low cost simple advice”....

Policy & Regulation

Few Budget surprises in financial services

The financial services industry has delivered the Budget a muted response in circumstances where the Treasurer, Josh Frydenberg, had announced most of the Government’s fi...

Superannuation

Insurance inside Super Code will become mandatory

The Conference of Major Superannuation Funds has been told that the insurance inside superannuation code of conduct will become mandatory....

Superannuation

RC didn’t dive deep enough on superannuation

AustralianSuper’s chief executive, Ian Silk, has suggested that the Banking Royal Commission didn’t cast a stern enough eye over parts of the superannuation industry, in ...

Superannuation

Super groups unite in push for gender parity

Three major superannuation advocacy groups united last Friday, being International Women’s Day, to call on policy makers to help close the gender gap in retirement saving...

Superannuation

Accusation of CIPR ‘cargo cult’

Industry funds group, the Australian Institute of Superannuation Trustees has accused Treasury of fostering a ‘cargo cult’ with respect to the Comprehensive Income Produc...

Policy & Regulation

Mixed reaction to RC

Industry superannuation funds have welcomed the Royal Commission’s final report, but financial planning groups are concerned about the outcome for their members....

Superannuation

Did APRA miss super failings because of poor data?

APRA could have identified poorly performing superannuation funds sooner and before the Royal Commission if it had actually collected and used the right data, according t...

Superannuation

AIST welcomes ASIC’s decision

The Australian Institute of Superannuation Trustees has welcomed the Australian Securities and Investment Commission’s announcement with regards to a longer transition pe...

Superannuation

“Army of lobbyists” pushed Govs for light super regulation

The Australian Institute of Superannuation Trustees has accused successive governments of providing “dozens of regulatory carve-outs … benefitting retail super providers ...

Superannuation

AIST lauds move to ensure member insurance not lost

The AIST has welcomed an announcement from the Federal Opposition that it will move to amend key measures in the insurance in superannuation package now before Parliament...

Superannuation

Retiree housing a key income issue: AIST, Grattan

The Grattan Institute’s recommendation that more rental housing assistance be provided is not enough to combat the housing strain faced by retirees, the Australian Instit...

Superannuation

Industry funds call for action on underperforming defaults

Industry funds have used a Productivity Commission report on investment returns to call for regulatory action against underperforming retail superannuation funds....

Policy & Regulation

Industry funds allege investment manager carve-out

Industry superannuation funds have questioned why product manufacturers such as investment managers have been “carved-out” of the Government’s new laws around design and ...