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News, insights and resources as they unfold. Stay up-to-date with the issues affecting super.
20 March 2019
AIST does not support the requirement to mandate CIPRs as a default retirement income product to members. AIST supports effective disclosure and continuing efforts to simplify and improve disclosure for members, and supports the initiative of Government to ensure that this extends to retirement income products.
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07 March 2019
AIST has raised concerns with Treasury about the challenges involved in smoothly implementing some of the key measures. The regulations contain detail about the communications to be sent to inactive members with insurance, calculation of the fee cap, and arrangements for the transfer of accounts to and from the ATO.
20 February 2019
In this submission, AIST argues that access to superannuation to solve policy issues should be as a last resort, and policy change needs to be carefully thought through to avoid unintended consequences.
01 February 2019
AIST welcomes the opportunity to present our Pre-Budget Submission for 2019-20. Our submission presents a longer-term view of problems facing superannuation into the future, with recommendations designed to address these.
25 January 2019
AIST believes that the reporting framework does not presently meet its objectives and APRA needs to change its focus to include members’ best interest. Reporting standards do not enable system performance assessment. AIST calls for a comprehensive data and reporting framework to be implemented, with a specification of what is needed to benchmark system performance.
18 January 2019
Schedule 1 to this Bill implements changes to Age Pension means testing to allow for new innovative income streams.
09 January 2019
AIST is pleased to provide feedback on the Financial Services Council’s review of the Life Insurance Code of Practice Consultation Draft. AIST provided comments on the original iteration of the life code and supports efforts for its continual improvement.
07 November 2018
Areas where the regulators are hamstrung by not having access to reports or disclosures
26 October 2018
This submission is AIST’s fourth response to the Royal Commission.This submission responds directly to the interim report released by the Royal Commission.
AIST supports this measure, however has reservations that the avoidance of conflict with the bring forward rule is designed to solve a problem which is likely to affect few members, and is very easily circumvented.