Your home for profit-to-member Super
Join the leading voice in profit-to-member super
Our full list of member super funds
View the upcoming courses in your city
AIST's flagship educational program
Keep up your industry knowledge and professional development - at your own pace and when it’s convenient for you
Listing of all upcoming events
The premier idea sharing and networking event for Australia’s $1.5 trillion profit-to-member super sector
AIST's annual Superannuation Investment conference
Research, insights and advocacy on the most pressing topics in super
Our response to changes in the political and policy environment
From AIST's governance code to practical guidance and toolkits
Industry news, latest resources and event updates
Stay connected to the latest policy news
Photo, audio and video content
Our mission, vision and values
Meet our team
Our board of directors, constitution and committees
News, insights and resources as they unfold.
Stay up-to-date with the issues affecting super.
The Australian institute of Superannuation Trustees (AIST) has welcomed today’s announcement by Prime Minister, Scott Morrison, that the Government will not proceed with its policy to raise the access age for the Age Pension to 70 years.
AIST CEO Eva Scheerlinck said the Government’s decision to scrap the policy was a big win for older Australians.
"We welcome the Coalition’s recognition that raising the Age Pension access age to 70 is flawed policy that is out of step with the reality for many older and potentially vulnerable Australians," Ms Scheerlinck said.
Research conducted by the Australian Centre for Financial Studies and AIST in 2014 found that up to 40 per cent of older Australians do not get to choose when they retire.
Ms Scheerlinck said a range of unavoidable factors, including ill health, saw many older workers retire much earlier than anticipated.
“Ill-health, age discrimination, job type and caring demands all have a significant impact on when a person retires from paid work,” she said. “Raising the access age for the Age Pension to 70 would have been unfair and discriminatory to many older Australians who simply do not have the opportunity to continue in paid work.”
Ms Scheerlinck noted that those working in community and personal services, notably in clerical and administrative roles, as well as sales workers and labourers were between 35 and 50 per cent more likely to retire before the age of 60 years than other workers.
Media contact: Janet de Silva 0448 000 499
AIST is the peak body for the $1.2 trillion profit-to-member superannuation sector which includes industry, corporate and public-sector funds.
06 September 2018