News & Media

Tuesday, 20 December 2016

Improving Life Insurance in Superannuation for consumers

Joint release from the Insurance in Superannuation Working Group on the priorities of the group.

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Friday, 16 December 2016

AIST CEO Tom Garcia to step down

AIST today announced the resignation of its chief executive officer, Tom Garcia.

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Friday, 2 December 2016

AIST welcomes Senate inquiry to investigate billions of dollars lost in unpaid super

AIST has welcomed the announcement of a Senate Economics References Committee inquiry into the impact of non-payment of the Superannuation Guarantee (SG).

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Thursday, 1 December 2016

Super industry takes collective stand on domestic violence

AIST has signed the Women in Super Charter Addressing Domestic Violence.

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Monday, 28 November 2016

AIST Awards recognise the importance of connecting to members

Check out the winners from the 2016 AIST Awards for Excellence.

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Wednesday, 23 November 2016

New super changes will improve outcomes for low income earners, particularly women

AIST today welcomed the passage of the Government’s super tax reform package through both houses of Parliament.

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Friday, 11 November 2016

Consumer protection paramount in default fund selection

AIST has reiterated the need for the highest level of consumer protection around default super fund selection in its second submission to the Productivity Commission.

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Thursday, 10 November 2016

Super changes that improve retirement outcomes for low income earners must be supported

AIST has urged all Federal Parliamentarians to support tax changes to superannuation that improve retirement outcomes for low income earners, including women.

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Thursday, 3 November 2016

Joint media release: Insurance in Superannuation Industry Working Group

Australia’s superannuation industry bodies have established the Insurance in Superannuation Industry Working Group.

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Thursday, 3 November 2016

Key stakeholders to meet in Melbourne to improve superannuation outcomes for Aboriginal and Torres Strait Islander peoples

More than 20 key super industry and Indigenous community stakeholders are participating in the 2016 Indigenous Superannuation Summit this week in Melbourne to focus on improving superannuation out...

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Wednesday, 12 October 2016

AIST welcomes heightened APRA and ASIC focus on insurance to improve consumer outcomes

AIST today welcomed moves by both APRA and ASIC to improve consumer outcomes in life insurance products.

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Thursday, 6 October 2016

Group insurance statement of intent

Australia’s superannuation bodies share a common belief in the following principles underlying group insurance in superannuation.

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Tuesday, 20 September 2016

Default fund selection process must be in members’ best interests

AIST today responded to the release of the Productivity Commission issues paper on alternative default models.

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Thursday, 15 September 2016

Super budget changes still improve fairness and sustainability of system

Modifications by the Government to the superannuation budget changes importantly maintain improvements to the fairness and sustainability of the superannuation system.

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Tuesday, 23 August 2016

Few big spenders in retirement – study finds most households have modest spending habits, regardless of level of income

New research on Australian retirees has revealed that the expenditure of most retirees is modest, regardless of the level of income they have access to.

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Monday, 22 August 2016

AIST launch Reconciliation Action Plan (RAP)

AIST has launched a Reconciliation Action Plan (RAP) in line with its commitment to reconciliation with Aboriginal and Torres Strait Islander peoples.

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Monday, 18 July 2016

Minister O’Dwyer urged to ensure super changes are workable and well-communicated

AIST today welcomed the appointment of Kelly O’Dwyer as Minister for Revenue and Financial Services.

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Thursday, 7 July 2016

AIST welcomes move to improve access to superannuation for Aboriginal and Torres Strait Islander peoples

New guidance issued by AUSTRAC will make it easier for Aboriginal and Torres Strait Islander peoples to access the superannuation system, AIST said today.

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Friday, 6 May 2016

Objective of super will protect integrity and sustainability of system

AIST has welcomed the Government’s announcement of an objective of superannuation as outlined in the Federal Budget this week.

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Wednesday, 4 May 2016

Flexible Budget measures on super contribution caps will help women catch up: AIST

Budget measures that provide flexibility around the new $25,000 super contribution cap limits announced last night will be particularly helpful for women who return to work after a career break, AI...

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Tuesday, 3 May 2016

Super measures will improve fairness and sustainability of super: AIST Budget commentary

Key superannuation measures announced in tonight’s Federal Budget are a necessary step toward a fairer and more sustainable super system, the Australian Institute of Superannuation Trustees said to...

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Friday, 29 April 2016

Time for real change not just tinkering around the edges to address gender retirement income gap

AIST and Women in Super has welcomed the recommendations of the Senate Inquiry into women’s economic security in retirement led by Senator Jenny McAllister.

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Tuesday, 26 April 2016

Improving consumer disclosure and conflict of interest management will improve super system efficiency: AIST response to Productivity Commission

More consistent and meaningful consumer disclosure, together with strengthened conflict of interest management, would improve super system efficiency.

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Wednesday, 20 April 2016

ASIC increased funding welcome but greater accountability and transparency is needed

AIST has today welcomed the Government’s announcement of increased funding for the Australian Securities and Investments Commission (ASIC) but called for greater accountability and transparency fro...

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Thursday, 17 March 2016

2016 AIST Board announced

AIST has today announced board changes for 2016 – including the resignation of AIST President Angela Emslie, who has served on the board of AIST, and before that CMSF, for a total of 19 years

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Thursday, 17 March 2016

2016 AIST Mercer Super Tracker released: Government urged to revise Age Pension Asset Test

AIST and Mercer have called on the Government to urgently revise its new Age Pension Assets Test, with modelling showing the test will have a significant impact on the retirement outcomes of middle...

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Wednesday, 16 March 2016

New partnership to support Indigenous superannuation outcomes

AIST and First Nations Foundation have today announced a two-year partnership that will increase support for the Big Koori Super Day Out.

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Wednesday, 16 March 2016

Consumer protection for late super payments retained in full

AIST has welcomed the retention of the full Superannuation Guarantee Charge – an important consumer protection measure for superannuation payments to employees – following debate in Parliament earl...

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Wednesday, 16 March 2016

Juliet Brown named AIST Trustee of the Year

AIST has announced Juliet Brown as the recipient of the 2016 AIST Trustee of the Year Award at the Conference of Major Superannuation Funds (CMSF) in Adelaide today.

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Wednesday, 16 March 2016

AIST CEO Tom Garcia – Opening Address to CMSF 2016 Adelaide March 16th

AIST CEO Tom Garcia – Opening Address to CMSF 2016 Adelaide March 16th

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Wednesday, 9 March 2016

Objective will protect super from ad-hoc policy changes and provide greater certainty: AIST

AIST today welcomed the Government’s move to begin the process of enshrining the objective of the superannuation system in legislation.

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Tuesday, 23 February 2016

Focus of super tax reform should be on fairness not plugging Budget holes

The focus of superannuation tax reform should be on improving fairness rather than introducing Capital Gains Tax changes that will reduce retirement income for all Australians, AIST said today.

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Sunday, 21 February 2016

Low income earners mustn't be denied a dignified retirement

Allowing low-income earners to opt out of superannuation could result in an estimated 2 million Australians currently in the workforce being significantly worse off in retirement, AIST said today.

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Thursday, 18 February 2016

Review of super a timely opportunity to put spotlight on high fees and underperformance

The Productivity Commission Review of superannuation is a timely opportunity to put the spotlight on the high fees and the underperformance of some funds, particularly in the Choice environment, AI...

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Wednesday, 10 February 2016

Fee report highlights the high price of choice for some Australians

A new report on fees and returns across Australia’s $2 trillion super sector has found that bank and retail-owned super funds offering “Choice” products are charging members up to four times more f...

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Friday, 5 February 2016

12% super is responsible policy – end of story

Moving to 12% superannuation is a vital measure towards ensuring the majority of Australians achieve a comfortable standard of living in retirement, AIST said today.

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Thursday, 21 January 2016

Super must be used for retirement - not to pay off student debt

AIST today rejected calls suggesting superannuation could be used to pay down Higher Education Loan Program (HELP) debts.

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