News & Media

2014 Media Releases

Wednesday, 17 December 2014

Super IOU not good enough: AIST calls on Senate to oppose repeal of payslip super requirements.

AIST has today called for the Senate to oppose the Treasury Legislation Amendment (Repeal Day) Bill 2014 that will remove key requirements around superannuation contributions on their payslips.

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Sunday, 7 December 2014

AIST welcomes FSI focus on removing politics from super and giving MySuper a fair go

AIST today welcomed the release of the Financial System Inquiry report, which recognises the need to ensure the super system is working effectively and efficiently and delivering positive retiremen...

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Wednesday, 26 November 2014

Member statements must not fall short on LISC disclosure

AIST is calling on the Government to maintain the separate disclosure of the LISC on members’ superannuation statements.

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Friday, 21 November 2014

AIST Awards celebrate achievements by not-for-profit superannuation funds

The AIST Awards for Excellence were announced last night at Melbourne’s RACV City Club, with a number of outstanding achievements celebrated.

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Thursday, 13 November 2014

AIST welcomes recognition of Age Pension in retirement income forecasting

AIST welcomes today’s announcement from ASIC that will allow superannuation funds to include an estimate of a member’s age pension together with the member’s super forecast.

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Thursday, 23 October 2014

APRA urged to shed light on fees charged by non-MySuper default funds

The Australian Institute of Superannuation Trustees (AIST) today called on APRA to prioritize disclosure of all fees paid on default superannuation accounts, not just those paid on MySuper products...

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Friday, 10 October 2014

Super must be included on workers’ pay slips: AIST

AIST has opposed Government moves to repeal the reporting on pay slips of superannuation contributions.

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Thursday, 2 October 2014

New MySuper data highlights need for independent default fund selection

New MySuper data released today highlights the need for an independent body to select default funds from the MySuper pool, the Australian Institute of Superannuation Trustees (AIST) said today.

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Wednesday, 1 October 2014

Call to move default bank-owned super into low-fee MySuper

AIST is calling on the Government to accelerate the release of super savings from high-fee bank-owned default super funds into lower fee MySuper products.

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Wednesday, 1 October 2014

Full MySuper disclosure will lead to better consumer outcomes

The Australian Institute of Superannuation Trustees (AIST) has welcomed the announcement from the Australian Prudential Regulatory Authority (APRA) that it will be publishing comprehensive statisti...

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Wednesday, 10 September 2014

Financial planners need ethics classes, not ready for self regulation: ISA, AIST

Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) have argued in a joint parliamentary submission that the financial planning industry should be subject ...

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Tuesday, 2 September 2014

Superannuation changes will hurt all Australian workers – AIST

Proposed new changes to the Superannuation Guarantee would have a significant impact on the retirement outcome of Australian workers and lead to further uncertainty about superannuation, the Austra...

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Tuesday, 26 August 2014

Renovate the house don’t pull it down – AIST responds to the Financial System Inquiry

The Australian Institute of Superannuation Trustees (AIST) said today Australia’s $1.85 trillion superannuation system is on track to deliver further cost savings and value to members with the rece...

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Friday, 1 August 2014

Dipping into super to buy a home threatens retirement income security

The Australian Institute of Superannuation Trustees (AIST) today warned against the dangers of using superannuation to tackle the nation’s housing affordability challenges.

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Friday, 25 July 2014

Government urged to appoint new expert panel for super fund default selection

The Australian Institute of Superannuation Trustees, (AIST), has today called on the Government to prioritise the appointment of new members to the Fair Work Commission’s Expert Panel for default ...

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Wednesday, 16 July 2014

AIST to provide comprehensive response to the Financial Systems Inquiry interim report

The Australian Institute of Superannuation Trustees (AIST) said today it would begin preparing a comprehensive response on key superannuation issues raised in the Financial System Inquiry’s interim...

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Tuesday, 8 July 2014

Regulator crackdown on super fund fee disclosure will benefit consumers

The Australian Institute of Superannuation Trustees (AIST) has today welcomed moves by the Australian Securities and Investment Commission (ASIC) to stamp out misleading fee disclosure practices in...

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Monday, 7 July 2014

Industry welcomes Palmer support for Low Income Super Scheme

The Australian Institute of Superannuation Trustees and Women in Super have welcomed today’s news that senators from the Palmer United Party intend to vote for the retention of the Low Income Super...

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Wednesday, 25 June 2014

Open letter to Clive Palmer

More than 30 prominent signatories from the superannuation industry, business, academia, women’s organisations and policy and community groups have signed an open letter calling on Mr Clive Palmer ...

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Tuesday, 13 May 2014

Federal budget measures set to widen retirement income gap

The peak body for the $600 billion not-for-profit super sector, The Australian Institute of Superannuation Trustees (AIST) said last night's Budget measures could create further inequity in Austral...

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Wednesday, 7 May 2014

Tax cuts should give everyone a fair go – Government urged not to abandon super tax refund for low income earners

The Australian Institute of Superannuation Trustees (AIST) has urged the Federal Government not to abandon existing superannuation equity measures for low income earners in the upcoming Federal Bud...

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Monday, 5 May 2014

New disclosure timetable will give industry time to get it right

AIST said today’s announcement by the Government to defer the start date for the ‘choice’ product dashboard and portfolio holdings was a sensible decision that would help ensure a more meaningful o...

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Friday, 2 May 2014

Changes to retirement policy and the Age Pension must not be piecemeal

The Australian Institute of Superannuation Trustees (AIST) has today cautioned the Government about making piecemeal changes to the nation’s retirement income policies following the release of the ...

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Friday, 2 May 2014

Government announcement to raise Age Pension eligibility age is not the answer

The Australian Institute of Superannuation Trustees (AIST) is pleased that today’s Government announcement will not have an impact on people approaching retirement but is concerned this is an ad ho...

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Tuesday, 29 April 2014

AIST CEO on fee debate

AIST CEO Tom Garcia was featured in The Australian today commenting on the fee debate. The piece, “Fee fears forget value debate,” was written by Andrew Main and published on page 19 of the busines...

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Monday, 28 April 2014

AIST announces new president

The Australian Institute of Superannuation Trustees (AIST) has today announced the appointment of Angela Emslie as its new President. AIST CEO Tom Garcia said the AIST board was delighted to app...

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Tuesday, 15 April 2014

Working longer may not work for all: up to 40% of Australians don’t get to choose when they retire

The peak super body for the not-for-profit super sector – the Australian Institute of Superannuation Trustees (AIST) - today warned that any rise in the retirement age must be accompanied by measur...

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Tuesday, 1 April 2014

AIST recommends improved financial system regulation and policy alignment

The Australian Institute of Superannuation Trustees (AIST) today said that a more co-ordinated regulatory framework was required to ensure that Australia’s financial sector and our retirement incom...

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Thursday, 27 March 2014

Elana Rubin awarded the inaugural AIST Trustee Lifetime Achievement Award

The inaugural AIST Trustee Lifetime Achievement Award has been awarded to Elana Rubin, who recently retired as the chair of Australian Super after more than 20 years as a trustee director of indust...

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Tuesday, 25 March 2014

Brumby takes out trustee of the year award

The Australian Institute of Superannuation Trustees (AIST) has announced John Brumby as Trustee of the Year at their Conference of Major Superannuation Funds (CMSF) today. Mr Brumby, who is the ch...

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Tuesday, 25 March 2014

Generation Y and super the story isn't all bad

Recent research commissioned by the Australian Institute of Superannuation Trustees (AIST) has revealed that Generation Y may not be as disinterested in their superannuation as previously thought.

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Monday, 24 March 2014

The high cost of involuntary retirement

A more flexible approach to retirement may be needed to account for the significant minority of older Australians who are forced to leave the workforce early, the Australian Institute of Superannua...

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Monday, 24 March 2014

AIST announces 2014 board

The Australian Institute of Superannuation Trustees (AIST) has announced the addition of four new board members at the Annual General Meeting in the Gold Coast this morning.

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Thursday, 6 March 2014

AIST welcomes penalties for promoters of illegal early release schemes

AIST welcomes the passing of a Government Bill that will impose penalties upon promoters of illegal early release schemes.

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Friday, 21 February 2014

AIST welcomes Government’s framework for stable SuperStream gateway network

AIST welcomes today’s announcement supporting the governance structure for the SuperStream gateway network. This will ensure the structure is strong and stable, and operates in the best interests o...

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Thursday, 13 February 2014

Equal representation is critical to delivering best member outcomes in superannuation

Equal representation of member and employer representatives on the boards of not-for-profit superannuation funds is critical to delivering the best retirement outcomes for members, The Australian I...

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Monday, 3 February 2014

Summit to tackle gender inequality at retirement

Speaking at today’s Women’s Super Summit in Melbourne, the president of the Australian Institute of Superannuation Trustees (AIST) and chair of Women in Super (WIS) said Australia’s superannuation ...

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Friday, 10 January 2014

APRA Statistics show not-for-profit funds outperform

The Australian Institute of Superannuation Trustees- AIST- has welcomed the release of the APRA Statistics Superannuation Fund-level Rates of Return (June 2013) with not-for-profit funds the clear ...

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