News & Media

Media Releases for 2012

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

To access, please click on the release title.

Date Topic

7 Dec

AIST Awards Winners Announced

AIST 2012 Awards recognise diversity in super fund communication strategies.

29 Nov

MySuper a step closer

Superannuation industry bodies welcomed the passage of the third tranche of the Government's MySuper legislation through the House of Representatives with the complete support of the Parliament.

19 Nov

AIST CEO Fiona Reynolds to take up international appointment

The Australian Institute of Superannuation Trustees todayannounced that its chief executive officer, Fiona Reynolds has resigned to take up a new appointment as Managing Director of the London-based Principles for Responsible Investment (PRI).

02 Nov

Minister Shorten launches AIST/WIS Springboard program for women

AIST, Women in Super  and the Minister for Superannuation, Bill Shorten, today launched Super Springboard, a 12 month program for women interested in becoming directors of superannuation funds.

The Super Springboard program - which will offer a comprehensive training program, mentoring and networking opportunities - has attracted $150,000 in funding from the Gillard Government to provide 10 scholarship places.

29 Oct

Extended CGT relief will enable mergers to proceed with certainty

AIST has welcomed the passing of a Bill providing capital gains tax relief for merging superannuation funds through the House of Representatives.

The Bill extends the relief on capital loss rollovers to 1 July 2017 to coincide with the end of the MySuper transition period.

24 Oct

Research highlights need for gender targets for super fund boards

The peak body for Australia's $500 billion not-for-profit superannuation funds, the Australian Institute of Superannuation Trustees and Equal Opportunity for Women in the Workplace Agency (EOWA) are calling for super funds to appoint more female directors.

23 Oct

SuperStream Advisory Council will play a vital role: AIST

The Australian Institute of Superannuation Trustees (AIST) has welcomed the announcement of the membership of the SuperStream Advisory Council, whose key responsibilities include ensuring that there is transparency and accountability on the costs and implementation of the SuperStream reforms.

12 Oct

Consumers to benefit from improved data on super fund returns

The Australian Institute of Superannuation Trustees(AIST) welcomes the release today of proposals from the Australian Prudential Regulation Authority (APRA) to improve its collection and reporting of super fund returns.

AIST CEO Fiona Reynoldssaid APRA's plan to collect data at the investment option level would provide consumers and the industry with more comparative and detailed data about the performance of superannuation products.

14 Sep

Super group calls on Coalition to commit to low-income super break

The peak body for Australia's $500 billion not-for-profit superannuation industry - the Australian Institute of Superannuation Trustees (AIST) - has called on the Coalition to commit to the low-income superannuation scheme and help boost the retirement savings of those most in need. 

31 Aug

Equal Pay Day: Gender pay gap leads to gaping hole at retirement

Ahead of Equal Pay Day this Sunday, September 2nd, The Australian Institute of Superannuation Trustees (AIST) - the peak body for the $500 billion not-for-profit super sector - has called on the Government to prioritise policies that will close the growing gap in women's retirement savings.

28 Aug

Industry calls for urgent rethink on APRAs risk measure

Three industries organisations - the Australian Institute of Superannuation Trustees (AIST), the Actuaries Institute and the Industry Super Network (ISN) - are urging the Australian Prudential Regulation Authority (APRA) to re-think its approach to articulating investment risk to super fund members.

27 Jul

New appointment to expand AIST's education offerings

The Australian Institute of Superannuation Trustees (AIST) has appointed Meegan George to the newly-created position of Executive Manger - Education.
Ms George will head up AIST's education team and implement a strategy to enhance and expand AIST's education offerings to trustee directors and fund staff.

09 Jul

Super funds to step up fraud awareness to members

Super funds will be working closely with the Australian Crime Commission to raise awareness about the growing threat of fraud targeted at Australia's $1.3 trillion superannuation pool, the Australian Institute of Superannuation Trustees (AIST) said today.

29 Jun

Default Selection Process must protect members

The Australian Institute of Superannuation Trustees (AIST) has welcomed the release of the draft report from the Productivity Commission into default superannuation arrangements as a starting point for further discussions on the selection of default super funds in Industrial Awards.

20 Jun

FOFA reforms a win for consumers

FOFA reforms will boost super nest eggs and improve access to financial advice: AIST

The passage of the Future of Financial Advice (FOFA) Bills through the Senate represented an historic day for consumer protection in superannuation, the Australian Institute of Superannuation Trustees said today.

24 Apr

Tax relief clears the way for super fund mergers: AIST

(AIST) today welcomed the Government's decision to allow tax relief to merging super funds, saying the move had cleared the way for fund mergers to proceed and would protect members' savings from potential adverse tax consequences.

04 Apr

A decade on, career break still as damaging as ever to women's super: study

Despite various incentives and policy measures aimed at closing the gender gap in superannuation savings, the impact of the career break on women's super is still as detrimental as ever, a new report has shown.

19 Mar

12% super at last! Historic day for our nation's retirement income system

  • AIST/Essential Media Poll released this week shows 75% of Australians support
  • One in three Australians think the six year phase-in period is too slow
  • Younger generations to benefit most as measure too late for many older workers

The passage of 12% superannuation through Parliament last night represented an historic milestone for Australia's retirement savings system, the Australian Institute of Superannuation Trustees (AIST) said today.

19 Mar

Australians need to be better engaged with their super

Australians still confused about super: poll Ahead of this week's final parliamentary vote on lifting the compulsory super rate to 12 percent, many Australians remain disengaged with their superannuation, according to a new poll released today.

14 Mar

Fund raising and carbon neutral stance helps AIST's events team wins awards

The Australian Institute of Superannuation Trustees (AIST) has won two awards at the annual Meetings & Events Australia (MEA) Victorian Awards ceremony.

14 Mar

Super myth-busting and why Tony Abbott is wrong on super and not-for-profit funds

The Australian Institute of Superannuation Trustees (AIST) - the peak body for the $450 billion not-for-profit super sector - today moved to set the record straight on not-for-profit funds, following media reports of Tony Abbott's attack on industry super funds.

08 Mar

Super boards need more women

On the anniversary of International Women's Day, the Australian Institute of Superannuation Trustees (AIST) has announced plans to step-up its campaign to increase the number of women on superannuation fund boards.

23 Feb

Government urged to hold firm on new super cap proposal

The Australian Institute of Superannuation Trustees (AIST) today urged the Government to hold firm on its proposal to introduce its new super concessional cap regime for the over 50s from July this year.

On the eve of the first meeting of the Government's Super Roundtable, where the concessional cap proposals are expected to be hotly debated, AIST CEO Fiona Reynolds said the proposals to limit the over 50s annual $50,000 cap to those with super balances of $500,000 or under were fair and would not adversely affect the majority of Australians.