News & Media

2015 Media Releases

Friday, 18 December 2015

The Fraser Governance Review

AIST and ISA have asked Bernie Fraser to lead a Review of governance arrangements in respect of not-for-profit superannuation funds, and to propose a best practice Governance Code for such funds.

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Thursday, 10 December 2015

Choice product dashboards provide certainty but don’t go far enough

AIST has welcomed draft legislation released by the Government today requiring super funds to publish Choice product dashboards. These requirements are generally in line with requirements for MySu...

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Wednesday, 2 December 2015

First class returns and first class governance

AIST and ISA will commission a review by former RBA Governor and Treasury Secretary Bernie Fraser to lead the development of a best practice governance code of conduct for not-for-profit super fund...

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Friday, 20 November 2015

Super reform won’t be enough to fix gender retirement savings gap

AIST is calling for all workforce, pay and super policies to be examined under a gender lens to improve the outcome for Australian women in retirement

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Friday, 13 November 2015

AIST Awards recognise essential role of digital in superannuation

Clever use of data segmentation and social media campaigns to improve female engagement with super for women were recognised at AIST’s 2015 Awards for Excellence last night.

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Thursday, 15 October 2015

Proposed governance changes run counter to international best practice

Proposed changes to the governance framework of not-for-profit superannuation funds run counter to international best practice in pension fund governance, The Australian Institute of Superannuation...

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Wednesday, 14 October 2015

AIST welcomes new Shadow Minister

AIST today welcomed the appointment of Mr Jim Chalmers as the new Shadow Minister for Financial Services and Superannuation.

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Monday, 5 October 2015

New figures point to widening gender retirement savings gap

New figures suggesting a widening of the gender savings gap at retirement – particularly for women on low incomes – highlight the need for urgent policy action.

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Saturday, 3 October 2015

Update your super details: $480 million in ‘lost super’ to go to ATO

AIST is urging Australians to ensure that their superannuation account details are up to date following an increase to the ‘lost super’ threshold requiring small inactive accounts to be transferred...

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Monday, 21 September 2015

Reducing penalty for late super payments dilutes consumer protection

AIST is calling on Government to reconsider changes to the Superannuation Guarantee Charge reducing penalties for employers not meeting their obligations to pay superannuation to their employees

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Monday, 21 September 2015

AIST welcomes new Treasury team and elevation of superannuation to Cabinet

AIST has today welcomed the appointment of the Hon Scott Morrison as Treasurer and the Hon Kelly O’Dwyer MP as Assistant Treasurer and Minister for Small Business.

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Wednesday, 16 September 2015

Proposed changes to boards of super funds will dilute consumer voice

AIST is urging all parliamentarians to reject proposed legislation to change the composition of not-for-profit superannuation boards.

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Thursday, 3 September 2015

New research highlights the dangers in a one-size fits all approach to post-retirement

Super funds may need to offer their members more than one default retirement income stream, new modelling has suggested.

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Thursday, 20 August 2015

No evidence to support Government’s superannuation governance changes

AIST will continue to oppose unnecessary changes to the boards of not-for-profit superannuation funds.

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Tuesday, 18 August 2015

Senate inquiry a welcome opportunity to address gender retirement income gap

AIST welcomes the announcement of a Senate Inquiry into improving retirement outcomes for Australian women.

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Monday, 17 August 2015

Government needs to cut red tape to improve Indigenous super outcomes

The Indigenous Superannuation Working Group has called on major political parties to elevate Indigenous superannuation outcomes onto the agenda of the Council of Australian Governments (COAG).

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Thursday, 6 August 2015

Small scale, conflict-free advice increasing in a post-FOFA world: new survey results

A survey of 19 not-for-profit super funds examining over 130,000 pieces of financial advice delivered to members in the past year has found that the sector is providing more small scale, affordable...

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Monday, 3 August 2015

Let's get real about super - busting the $1 million retirement myth

AIST and Australia's biggest super fund, AustralianSuper are calling for a "super reality check" to ensure Australians have a better understanding about the level of income they can expect in retir...

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Wednesday, 29 July 2015

Tax Inquiry can help ensure super delivers for women

AIST and WIS today supported a Senate review of the retirement savings gap for women and urged the Government to prioritise the tax reform of superannuation as a significant step towards improving ...

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Thursday, 23 July 2015

Government’s proposed changes to super fund boards pose risks without any demonstrable benefits for members

The Government’s proposed changes to the board composition of super funds were risky and not supported by evidence, AIST said today.

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Tuesday, 7 July 2015

Involuntary retirees should not be denied early access to their super

Raising the age at which people can access their super could see the level of involuntary retirees blow out to more than half the Australian workforce, AIST said today.

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Friday, 26 June 2015

Government changes to super fund boards not supported by evidence - AIST

The Government’s proposed changes to the governance arrangements of not-for-profit boards announced today are not supported by any hard evidence, AIST said today.

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Thursday, 18 June 2015

Pension changes - without review of super - fail the fairness test

Proposed pension changes – currently before Parliament – would result in wealthy self-funded retirees receiving more than double the level of government support than most middle income Australians,...

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Tuesday, 2 June 2015

Fairness of superannuation tax concessions must be a priority of the Tax Review

The fairness and sustainability of superannuation tax concessions should be top priority of the Tax Review, AIST said today.

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Thursday, 14 May 2015

Tax review is timely to ensure entire retirement system is fair and sustainable

The Government’s tax review is a timely opportunity to examine the targeting of superannuation tax concessions to ensure Australia’s retirement income system is sustainable for the long-term, AIST ...

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Tuesday, 5 May 2015

Serious Financial Crime Taskforce welcomed - AIST

AIST has today welcomed Treasurer Joe Hockey’s announcement of the Serious Financial Crime Taskforce that will address superannuation and investment fraud, identity crime and tax evasion.

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Wednesday, 22 April 2015

Emphasis on fairness and sustainability is a welcome contribution to superannuation tax debate

Labor’s announcement of a new super tax policy is an important contribution to the Tax Review and broader national debate on superannuation, AIST said today.

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Wednesday, 15 April 2015

AIST acknowledges Bernie Ripoll’s contribution to financial advice reform

AIST has today acknowledged the contribution of The Hon. Bernie Ripoll MP to superannuation and the financial services industry, following Mr Ripoll’s announcement that he will not be re-contesting...

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Wednesday, 15 April 2015

Employment discrimination inquiry puts timely focus on involuntary retirement

AIST has welcomed today’s announcement that the Australian Human Rights Commission will conduct an inquiry into employment discrimination against older Australians and Australians with a disability.

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Tuesday, 7 April 2015

AIST welcomes new Super Complaints Tribunal Chair

AIST has today welcomed the appointment of Ms Helen Davis as the new Chair of the Superannuation Complaints Tribunal (SCT).

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Wednesday, 1 April 2015

Super tax breaks of greatest benefit to top 10 per cent of earners

The Government’s tax inquiry would be an opportunity to improve the targeting of tax concessions for those at the top end of income spectrum, AIST said today.

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Monday, 30 March 2015

Tax inquiry is a timely opportunity to ensure super is fair and sustainable: AIST

The Government’s Tax Inquiry is a timely opportunity to examine the taxation arrangements for the superannuation to ensure they are fair and sustainable for both current and future generations, the...

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Thursday, 19 March 2015

Bob Henricks & Maree O’Halloran named as joint AIST Trustee of the Year

Bob Henricks & Maree O’Halloran are named as joint AIST Trustee of the Year

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Thursday, 19 March 2015

Gender gap, tax equity & lack of older workers, prove to be weak spots in super system

The AIST-Mercer Super Tracker – launched today at AIST’s Conference of Major Superannuation Funds on the Gold Coast – has been jointly developed by AIST and Mercer to provide an objective means of ...

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Thursday, 19 March 2015

Super industry in 2025 - infographic

An infographic of key findings from our joint research with BNP Paribas "2025: what will the superannuation industry look like in a decade?"

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Wednesday, 18 March 2015

AIST announces 2015 board

The Australian Institute of Superannuation Trustees (AIST) has announced its 2015 board which includes the addition of two new board members and the re-election of four others at the Annual General...

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Friday, 13 March 2015

Super spotlight on intergenerational challenges, tax equity, investments, digital disruption and more at next week’s Conference of Major Super Funds (March 18-29)

AIST's flagship conference - the Conference of Major Superannuation Funds (CMSF) – is set to attract more than 1,000 key players from Australia’s $1.9 trillion super industry.

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Friday, 13 March 2015

What will the superannuation industry be like in 2025?

A survey of the superannuation industry by AIST and BNP Paribas Securities Services has shown the world we are planning for today will be very different in 10 years' time.

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Thursday, 5 March 2015

IGR provides no evidence for Government to lift ‘retirement age’ to 70 years

AIST has called on the Government to review its proposal to lift the Age Pension eligibility age to 70 by 2035, following Intergenerational Report (IGR) projections that show future pension costs i...

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Wednesday, 18 February 2015

Superannuation industry loses one of its greats

It is with great sadness, that AIST and WIS announce the passing of Mavis Robertson AM.

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Thursday, 22 January 2015

Change to super payment threshold would penalise low income/casual workers

AIST has urged the Government to reject calls from the Board of Taxation to change the superannuation payment threshold for low income and casual workers to $1350 a quarter.

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Friday, 9 January 2015

AIST- Mercer Super Tracker to provide basis for informed changes to the superannuation system

AIST and Mercer are collaborating to develop an industry first “super tracker” that will set the benchmark for evaluating the Australian superannuation system.

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Wednesday, 7 January 2015

Increased use of ecommerce will promote active decision making in super

AIST has welcomed a joint announcement from the Hon. Bruce Billson MP and the Hon. Josh Frydenberg MP that will see an increase in the use of e-commerce in tax and superannuation reporting.

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