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Stay up-to-date with the issues affecting super.
25 January 2021
Nearly one million young workers under the age of 35 have either closed their super accounts or now have less than $1000 in super as a result of the COVID Early Release Scheme, according to a new analysis by the Australian Institute of Superannuation Trustees (AIST).In addition, over 73,000 Australians lost insurance cover linked to their account.
21 January 2021
Intra-fund | Insurance | Member outcomes
18 January 2021
AIST proposes that ASIC further promote existing affordable advice options such as intrafund advice in superannuation, and that they be extended to cover more common advice needs. Proposals to improve use of factual information, consistent disclosure, increased certainty about the nature of advice being provided and back-office efficiency are also made.
14 January 2021
AIST condemns proposal to opt out of super increase
13 January 2021
Australians are likely to be financially worse off over their lifetime under a proposal being
by the Morrison Government to give workers a choice of a super rise or a pay rise, The
Institute of Superannuation Trustees (AIST) warned today.
07 January 2021
AIST responds to Your Future Your Super draft legislation
The Morrison Government’s proposed new super laws fail to adequately address underperformance in the super system and could lead to adverse member outcomes, the Australian Institute of Superannuation Trustees (AIST) warned today.
04 January 2021
The Australian Institute of Superannuation Trustees (AIST) has restructured its leadership team to focus on membership engagement and align its professional development activities with emerging needs of fund staff and trustee directors.
AIST has appointed Tania Turnbull as General Manager Memberships and Partnerships and George Nelson as General Manager Professional Development.
23 December 2020
AIST welcomes the opportunity to make a submission on the Your Future, Your Super package, which is made up of the three bills addressing:
2. Single Default Account
3. Best Financial Interests Duty
AIST supports the policy intent of the legislation to empower members, hold funds to account for their performance, and increase transparency and accountability.
22 December 2020
APRA has released updated draft reporting standards as part of their data transformation project to assist funds in preparing for the implementation of the new reporting standards. APRA has advised that the draft standards are unlikely to change significantly before they are finalised.