News & Media

Media Releases for 2009

AIST frequently distributes media releases featuring important AIST and/or superannuation industry news.

To access, please click on the release title.

Date Topic

15 Dec 09

AIST 2009 Awards
recognise fund staff excellence Facebook advertising as part of an innovative marketing campaign has seen Hesta Super take out AIST's platinum Communications Award for 2009. One of ten winners in AIST's 2009 'Awards for Excellence', Hesta used Facebook to target student nurses aged 18-23 and achieve a sign-up rate of about 800.

14 Dec 09

Cooper submission Phase 2:
Eight steps forward to a 21st century super system - AIST's response to Cooper Review (Phase 2)
AIST - the peak representative body for the $450 billion not-for-profit super sector - has recommended 8 key measures to the Cooper review that it believes are necessary to increase the operational efficiencies of Australia's super sector.

8 Dec 09

AIST welcomes new Shadow Minister for Super
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation industry - today congratulates Mr Luke Hartsuyker on his new appointment as Shadow Minister for Consumer Affairs, Financial Services, Superannuation and Corporate Law.

16 Oct 09

Cooper Submission: Only not-for-profit funds put members' interests first
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation industry - has called on the Cooper Review not to tamper with the Representative Trustee model which has delivered superior retirement outcomes for millions of Australians over many decades.

24 Sep 09

Share market rebound halts slide in super top-ups: AIST
A near doubling of voluntary superannuation contributions over the past three months suggest member confidence in superannuation is improving, in line with the recent upswing on Australian and overseas share markets, the Australian Institute of Superannuation Trustees (AIST) said today.

18 Sep 09

Role of superannuation trustees key to low-emission future
Today the Investor Group on Climate Change (IGCC) and the Australian Institute of Superannuation Trustees (AIST) will launch a guide to help superannuation trustees incorporate climate change in their investment decisions.

17 Sep 09

Member inertia highlights importance of Super Fund Default Design
New research showing that the vast majority of super fund members stayed put during the worst
of the global financial crisis raises questions about the role of member investment choice and puts the emphasis firmly back on the design of default funds, the Australian Institute of Superannuation Trustees said today.

17 Sep 09

Asset consultants slow to tackle climate change
Most of Australia's asset consultants acknowledge that their super fund clients face risks from climate change exposure but few currently provide comprehensive services to help funds manage and assess this risk, the results of the first Climate Change Asset Consultants' Survey show.

31 Aug 09

Women need better pay deal on Super
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $400 billion not-for-profit superannuation industry - today called on the Government to take the opportunity of tomorrow's Equal Pay Day to bridge the superannuation gender gap through a range of reforms.

20 Aug 09

APRA data puts welcome emphasis on long term super fund performance
The Australian Institute of Superannuation Trustees (AIST) today welcomed the release of Australian Prudential Regulatory Authority (APRA) fund performance tables, saying the new tables would further promote transparency and accountability across the $1.1 trillion super industry and, importantly, put the emphasis back on the longer term performance of super funds.

18 Aug 09

AIST/Tyndall 2009 scholarship winners announced
The Australian Institute of Superannuation Trustees (AIST) and Tyndall Investment Management are pleased to announce that the recipients of this year's 2009 AIST Educational Scholarships are:

27 Jul 09

Not-for-profit super funds deliver superior profits to members
Not-for-profit superannuation funds have outperformed retail master trust funds by more than 2.3 per cent a year for the past 10 years, according to the latest end-of-financial year figures from Rainmaker Information.

9 Jul 09

New guidelines mean super fund members will be better informed
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $400 billion not-for-profit superannuation industry - welcomes today's release by the Australian Securities and Investments Commission (ASIC) of guidelines to better enable super funds to provide their members with low-cost advice about their existing superannuation accounts.

7 Jul 09

AIST appoints new chair of policy
The Australian Institute of Superannuation Trustees (AIST) has appointed Gerard Noonan, to the role of Chair of the AIST Policy Committee. Mr Noonan - the current chair of Media Super - replaces Sandy Grant, who was recently appointed to the panel of the Cooper Review into Superannuation.

1 Jul 09

Down but far from out…super still delivers over the long term

The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $400 billion not-for-profit superannuation industry - today urged Australians to keep their faith in superannuation in the wake of another year of negative returns for super funds.

22 Jun 09

Government urged to prioritise restoring confidence in super
Double-digit negative returns means confidence is the key issue facing super: AIST
As many Australian superannuation funds prepare to report a second consecutive year of double-digit negative returns, The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit sector - has urged the new Federal Minister for Superannuation, Mr Chris Bowen, to prioritise restoring confidence in our superannuation system.

19 Jun 09

Investors call for climate policy certainty
Peak investor groups whose members represent more than $450 billion of investments and an independent research institute issued a joint call today for regulatory certainty on climate change policy.

17 Jun 09

Transparent fee structure a step in the right direction
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation sector - welcomes today's announcement by the Investment and Financial Services Association (IFSA) of a new, more transparent, fee charter for financial planners providing advice on superannuation investment.

12 Jun 09

Climate Change "Asset Consultants" Survey launched
The Climate Institute and the Australian Institute of Superannuation Trustees (AIST) today launched the first survey into the opinions and capabilities of asset consultants on climate change risk and opportunity.

07 Jun 09

AIST welcomes new Minister for Financial Services & Superannuation
The Australian Institute of Superannuation Trustees (AIST) welcomes The Hon. Chris Bowen as the new Minister for Financial Services, Superannuation & Corporate Law (and Minister for Human Services) as announced yesterday by the Prime Minister.

29 May 09

Review an opportunity for greater efficiencies in super: peak body
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation industry and a signatory to the Government's Communique of Principles - welcomes today's announcement by the Minister of Superannuation Nick Sherry of the terms of reference and expert panel for the Government's review of Australia's $1.1 trillion superannuation system.

18 May 09

Minister Sherry launches AIST's new ESG course
The Australian Institute of Superannuation Trustees (AIST) and the Minister for Superannuation, The Hon. Senator, Nick Sherry, today launched a new AIST course to provide super funds with guidance on incorporating ESG issues into their investment strategies.

18 May 09

Baby boomers need a fairer deal from super reforms
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation industry - today called on the government to re-think its super budget reforms for older workers, warning that the new rules on concessional tax limits could hamper plans for last-minute super top-ups.

15 May 09

Don't shift age pension or preservation goal posts: AIST
Locking away super will discourage saving - preservation goalposts should NOT be moved.The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation industry - today warned that lifting the superannuation preservation age would discourage super as a savings vehicle and ultimately harm the Australian economy.

13 May 09

Budget begins process of super reform: AIST
Changes to superannuation tax concessions and an increase in age pension payments announced in tonight's budget are a step in the right direction towards a more equitable and sustainable retirement system, according to the Australian Institute of Superannuation Trustees (AIST) the peak representative body for the $450 billion not-for-profit superannuation sector.

5 May 09

Good governance but not enough young blood - super fund survey
Trustee directors of not-for-profit super funds are overwhelmingly confident that their funds are well-governed but believe improvements are needed in board succession planning, according to new research, commissioned by the Australian Institute of Superannuation Trustees.

29 Apr 09

Peak body welcomes super industry examination
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit superannuation industry - welcomes today's release by the Government of a superannuation communiqué of principles, of which AIST is a signatory along with other peak bodies in Australia's $1 trillion super sector.

20 Apr 09

Guidelines on unlisted asset valuations welcomed: AIST
The Australian Institute of Superannuation Trustees (AIST) today welcomed new APRA guidelines on unlisted asset valuations, saying they would provide super funds with a comprehensive checklist for ensuring that such valuations were accurate, independent and up-to-date.

3 Apr 09

Guidance on Conflicts of Interest Welcomed
The Australian Institute of Superannuation Trustees (AIST) today welcomed moves by the Australian Prudential Regulation Authority (APRA) to produce a 'conflict of interest' guide for superannuation funds.

25 Mar 09

Call for Age Pension increase : peak super body
The Australian Institute of Superannuation Trustees (AIST) today called on the Government to increase the age pension for singles to $16,000 a year in the upcoming Budget.

24 Mar 09

Not-for-profit super funds could outperform by as much as 40% at retirement
Conflicts of interest at board level may be a factor in under performance

23 Mar 09

Most super investors expect their returns to be worse this year: AIST Newspoll survey
Despite most Australians expecting their super returns to be worse this year, one in two workers think their super fund provider is doing a good job with their super in the current economic downturn, a new consumer survey has found.

23 Mar 09

Super Funds at "First Base" on Climate Change
Australia's largest superannuation funds acknowledge climate change as a risk to investments but steps to manage it are only in their infancy, results of the first comprehensive climate change investments survey released today shows.

4 Mar 09

AIST/ISN calls for major reform: Henry Review Submission
Improve the equity and efficiency of the super system before increasing contributions levels:
Industry super and not for profit funds
Also find:
AIST/ISN's joint submission to the Henry Review into Retirement Income Systems
AIST/ISN simulation paper on retirement incomes

18 Feb 09

AIST welcomes pension draw down relief
AIST welcomes today's announcement by the Government that retirees will receive relief from minimum account-based pension draw-down...

9 Feb 09

Calls for green economic stimulus
In December 2008, the Southern Cross Climate Coalition (the Australian Conservation Foundation..

3 Feb 09

Industry bodies band together to urge Australians to keep the faith with their super
Ahead of the release of interim superannuation statements to members, AIST has combined with
nine of Australia's peak industry bodies to release a communiqué outlining the strengths of the
Australian superannuation industry as well as key issues members need to understand in this
current global financial crisis.

22 Jan 09

AIST CEO Fiona Reynolds Comments on super system supposed "train wreck"
But far from being the "train wreck" that Mirko Bagaric envisages (The Australian, January 19), our
compulsory super system is widely recognised as having helped to keep our economy on track,
in addition to its other key objective of having provided security and generational equity for
millions of Australians in their retirement.