Australian Institute of Superannuation Trustees (AIST)
Five major superannuation industry peak bodies have pledged to usher in a binding code of conduct to improve group insurance standards by the end of 2017.
Sally RoseNovember 2, 2016
The revelation that as much as seven per cent of money in APRA-approved default funds will pay out commissions to advisers until 2017 has led to hard questions on the role of independent directors in retail funds. Speaking at the AIST governance symposium in Melbourne, several speakers expressed surprise that such a large proportion of […]
David RowleyOctober 20, 2014
Industry superannuation funds could lose their claim on billions in new cash flows as the Productivity Commission seeks a new way of choosing workers’ default funds based on MySuper. Industry funds’ preferred status saw them gain much of the $3.5 billion in superannuation payments made through industrial awards in 2010, according to the Productivity Commission. […]
Simon MummeJuly 2, 2012