ISA

Industry

Expenditure inconsistencies and tie-ups raised at Senate hearing

Fund consolidation was also a topic of conversation during Wednesday night’s Senate Estimates hearing with APRA noting it is seeing a number of funds talking about a variety of mechanisms to pool assets to get the advantages of scale outside of traditional merger arrangements.

Matthew SmithJune 2, 2021

AIST CEO Eva Scheerlinck (Photo: Supplied)

Policy and Regulation

Splitting super: A better deal for women

When it comes to family law disputes there have been positive changes in recent years. But splitting super assets is still far harder than it needs to be.

Eva ScheerlinckMarch 13, 2020

Policy and Regulation

‘Unpaid super is still a blight’: ISA boss Dean

Recent legislation and the Hayne royal commission are just important first steps, Industry Super chief says.

Elizabeth FryFebruary 18, 2019

Investment Strategy

BT fined over misleading super claims

BT Funds Management has paid a $20,400 fine to ASIC after it published two misleading claims for BT Super online. In one publication that was live from June 26 to September 18 2014, it claimed BT Super had outperformed industry super funds over five years. ASIC said it was concerned the public would perceive that […]

David RowleyJune 18, 2015

Policy and Regulation

What the industry told Hockey

Industry bodies have made public the key positions of their submissions to the Government’s Tax White Paper; commons themes include a lifetime cap on tax concessions, not change to the dividend imputation system, taking the whole system into account (alongside the Age Pension) and the cessation of tinkering as it is destroying confidence. The Treasurer […]

Dan PurvesJune 15, 2015

Policy and Regulation

ISA and FSC positively greet Grattan report, but for different reasons

A report from the Grattan Institute calling for a tender process to select default funds has been greeted positively by Industry Super Australia (ISA) and by the Financial Services Council (FSC), but for different reasons. The FSC saw it as vindication of its claims against the Fair Work Commission (FWC) selection process for default awards, which […]

Dan PurvesApril 20, 2015

Policy and Regulation

Budget: the five big changes for superannuation

“Building on the move by the former Government to increase the pension age eligibility to 67 by 2023, this Government will gradually increase the age of eligibility to 70 by 2035. That is over two decades away.” Joe Hockey, the Treasurer of Australia. The eligibility for the age pension will rise to age 70 […]

David RowleyMay 14, 2014

Investment Strategy

Murray review urged to offer care home tax break for super investors

Superannuation funds should be given short-term tax incentives to invest in social infrastructure, such as retirement homes to help meet a shortfall in the care needs of the baby boomers, a chief investment officer will propose to the Murray Review. David Bryant of Australian Unity believes the investment is ideally suited to superannuation funds due […]

David RowleyDecember 9, 2013