News & Media

Media Releases for 2010

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

To access, please click on the release title.

Date Topic

16 December

New era for superannuation a huge win for consumers

The Australian Institute of Superannuation Trustees (AIST) today congratulated the Federal Government on its comprehensive response to the recommendations of the Cooper Review into Superannuation, saying the adoption of many Cooper recommendations would turbo-charge national retirement savings into the 21st century and deliver better retirement outcomes for millions of Australian workers.

09 December

AIST boosts its role in governance and professional standards with two appointments
The Australian Institute of Superannuation Trustees (AIST) has appointed Eva Scheerlinck to the newly-created role of Trustee Governance and Professional Standards Manager.


Ms Scheerlinck will head up AIST's trustee governance & professional standards department.


AIST CEO Fiona Reynolds said AIST's increased focus on governance and professional standards in the superannuation industry would also expand its capabilities in advocacy, policy and research.

25 November

Employers urged to align their super payments with wages:

AIST The Australian Institute of Superannuation Trustees (AIST) today urged all employers to align the payment of employee super with salary payments following yesterday's announcement of a Tax Office clampdown on employer non-compliance of payment of superannuation contributions.

18 November

AIST/Tyndall scholarship winners to focus on international governance and organisation performance
The Australian Institute of Superannuation Trustees (AIST) and Tyndall Suncorp Investment Management are pleased to announce that the recipients of this year's 2010 AIST Educational Scholarships are:


John Carlile, deputy chairman LUCRF Super
Sam Hallab, deputy CEO Australian Catholic Superannuation & Retirement fund.

21 October

Coalition's anti-super stance puts retirement adequacy at risk: AIST

The lack of commitment to superannuation reform by the Coalition was fuelling uncertainty for Australian workers saving for their retirement, the Australian Institute of Superannuation Trustees (AIST) warned today.

14 September

AIST welcomes new Shadow Minister and calls for bi-partisan support for SG increase & super reform agenda
The Australian Institute of Superannuation Trustees (AIST) today welcomed the appointment of Senator Mathias Cormann as the new Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation.

11 September

AIST welcomes new Minister for Superannuation
The Australian Institute of Superannuation Trustees (AIST) welcomes the appointment of The Hon. Bill Shorten as Assistant Treasurer and Minister for Financial Services and Superannuation, announced today by the Prime Minister.

07 September

Time for a re-think on fund manager fees: super fund study
The existing industry-wide practice of rewarding fund managers for the size of assets under management has failed to deliver value to super fund members, a new study has concluded.

19 August

Coalition policy disappoints - joint AIST/ASFA/FSC statement
Don't let down Australian workers Mr Abbott

The Association of Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC), today expressed disappointment with the Coalition's failure to release a substantive superannuation policy.

01 August

MySuper paves the way for low-cost super for all Australians and bigger nest eggs

The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit super sector - today welcomed the Gillard Government's MySuper reforms which aim to ensure all working Australians have access to low-cost, commission-free default superannuation and retire with a bigger nest egg.

27 July

Employers should not fear 12% super: first rise to cost no more than a cup of coffee a week

The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit super sector - today said employer groups had nothing to fear about the SG rising to12%, noting that businesses and employment prospects were not unduly affected by past SG increases which were far greater and less gradual.

12 July

APRA report exposes damaging conflicts in retail superannuation
The Australian Institute of Superannuation Trustees (AIST) today welcomed the release of independent research by the Australian Prudential Regulation Authority (APRA), saying that the findings shed much-needed light on the conflicted commercial arrangements under which many retail super funds operate.

05 July

Cooper paves the way for a more efficient, user-friendly and lower-cost super system

The Cooper reforms announced today have the potential to provide working Australians with improved access to low-cost, user-friendly and secure super funds, the Australian Institute of Superannuation Trustees (AIST) said today.

02 July

Abbott should support super reforms: peak super body

The Australian Institute of Superannuation Trustees (AIST) today congratulated the Government on its successful negotiations with the resource industry and welcomed news that the super reforms announced in the May Budget remain a core component of the Government's policy agenda.

29 June

Government urged not to compromise on super reforms
The Australian Institute of Superannuation Trustees today urged the Federal Government to remain firmly committed to its landmark super reform package.

25 June

Make the most of the co-contribution scheme and potentially be $85,000* better off in retirement

The Australian Institute of Superannuation Trustees is urging those who qualify to make the most of the Government's superannuation co-contribution scheme by making a voluntary contribution to their super before the June 30 cut-off next Wednesday.

18 June

Super fund body calls on ASIC to investigate mining ads
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body of industry, corporate and public-sector super funds - has called on the Australian Securities and Investments Commission (ASIC) to examine claims made by mining lobbyists that superannuation investments are under threat as a result of the Resource Super Profits Tax.

AIST has accused the mining industry lobby of misleading consumers in new advertisements that imply the resource super profits tax is a "hand grenade" which could derail the retirement plans of working Australians.

07 June

Three out of four Australians support a rise to 12% super and estimate they need a retirement income of $40,000 or more.
An overwhelming majority of Australian workers (77%) support a rise in the Superannuation Guarantee to 12% and one in two (56%) say they would be happy to pay for the rise out of their wages, according to a poll released today by the Australian Institute of Superannuation Trustees (AIST), the peak body for the $450 billion not-for-profit super sector.

21 May

AIST rejects employer claims that 12% super will be bad for economy
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit super sector - today hit back at employer group claims that lifting compulsory super to12% would be detrimental to business and the nation's productivity.

20 May

Coalition's super snub will deny millions of Australians a comfortable retirement
The Australian Institute of Superannuation Trustees (AIST) - the peak representative body for the $450 billion not-for-profit super sector - today called on the Coalition to re-think its superannuation policy, which fails to address the challenge of Australia's ageing population and the nation's escalating retirement savings gap.

11 May

Budget sets all Australians on a path to a healthier retirement
Tonight's Federal Budget - which outlines measures to lift compulsory super to 12 per cent as well as other key superannuation reforms - recognises the importance of promoting a savings culture among all Australians.

10 May

Leading super bodies call for support for super reforms
The five leading bodies for Australia's $1.3 trillion super industry
, today called for bipartisan support for the recent proposed changes to superannuation, including increasing the Super Guarantee from 9 to 12%, to enable Australian workers to plan for their retirement with certainty and security.

04 May

Not-for-profit super funds urge Opposition and business to back Labor's plan for 12% SG
The Australian Institute of Superannuation Trustees (AIST)- the peak body for the $450 billion not-for-profit super sector - today called for bipartisan support for the proposed increase to the Super Guarantee from nine to 12%, urging both the business community and the Federal Coalition to get behind the landmark reform.

02 May

Gold Logie for 12% super: average Australian $100k* better off in retirement
The average Australian could be as much as $100,000* better off in retirement thanks to the Government's decision to increase compulsory super to 12 per cent, said the Australian Institute of Superannuation Trustees.

30 Apr

ETS delay holds back billions in clean energy investments
A forum of major superannuation funds, fund managers and environmental groups today expressed frustration, disappointment and disbelief at the Rudd Government's decision to further delay the introduction of an emissions trading scheme.

20 Apr

MySuper - low-cost, commission-free default super FOR ALL - it's about time
The Australian Institute of Superannuation Trustees (AIST) -the peak body for the $450 billion dollar not-for-profit sector - today described Cooper's MySuper proposal as a vote of confidence in Australia's low-cost, not-for-profit superannuation funds, and an important step towards providing commission-free super to all working Australians.

22 Mar

Cooper's SuperStream is a super start to 21st century system: AIST
The peak representative body for the $450 billion not-for-profit super sector - the Australian Institute of Superannuation Trustees (AIST) - today welcomed the Cooper Review's 'SuperStream' proposals describing them as a breakthrough in modernising Australia's super system.

17 Mar

Av Super chair wins 2010 Trustee of the Year Award
David Leggo, the outgoing chair of Av Super, has taken out the AIST's 2010 Trustee of the Year Award .

16 Mar

Growing gap between leading funds and pack: CLIMATE CHANGE SURVEY
A group of super funds is pulling away from the pack in managing climate change but overall the industry has been slow to act, and retirement nest eggs remain exposed to the long-term risks of climate change, a survey of Australia's largest super funds shows.

15 Mar

12% super: Six out of ten Australians want it…and will pay for it: survey
Almost two-thirds of Australians (61%) support a rise in the Superannuation Guarantee to 12% and they are prepared to pay for it with a direct contribution from their wages, according to a survey released today by the Australian Institute of Superannuation Trustees.

11 Mar

Move to simplify fund administration welcomed:
AIST The Australian Institute of Superannuation Trustees today welcomed the move by Australia's three largest superannuation administrators to adopt a common system for the transfer of data and monies between super funds they administer.

8 Mar

Government must bridge gender superannuation gap - The Australian Institute of Superannuation Trustees today called on the Rudd Government to address the gender superannuation gap by introducing a range of measures to improve retirement outcomes for Australian women.

19 Feb

Cooper's super won't deliver cost-savings - AIST's response to Phase One Cooper Review
The new model for super funds proposed by the Cooper Review into Australia‟s super sector would lead to higher costs and lower returns to members, The Australian Institute of Superannuation Trustees (AIST) warned today.

19 Feb

Renovating the super house - or bulldozing it?
Four of the leading bodies for Australia's superannuation industry have today called for the Cooper Review Panel to reconsider its 'choice architecture' recommendations

11 Feb

New Post Graduate Qualifications for Australia's burgeoning superannuation sector: A new university course designed to cater for industry professionals in Australia's rapidly expanding $1.1 trillion superannuation industry has been launched by the Australian Institute of Superannuation Trustees (AIST) and Victoria University (VU) in Melbourne.

1 Feb

Report highlights need for debate on retirement savings:
Treasury projections that almost 80 per cent of Australians will still be reliant on some form of age pension in the year 2050 has highlighted the need for further debate on retirement income adequacy, the Australian Institute of Superannuation Trustees said today.

26 Jan

AIST welcomes Henry focus on retirement income security but warns 9% won't be enough:
The Australian Institute of Superannuation Trustees (AIST) today welcomed reported proposals from the Henry Tax Review for retirees to swap super payments for a government-provided guaranteed lifetime income scheme. The concept is believed to be among a number of measures contained in the Henry Tax Review findings currently before Treasurer Wayne Swan.

20 Jan

10/10 for Not-For-Profit super during the Noughties:
The Australian Institute of Superannuation Trustees today welcomed the release of new figures confirming the dominance of not-for-profit funds in superannuation performance tables over the past decade.