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28 February 2020
AIST welcomed the recommendations of the Royal Commission as a historic opportunity to restore community trust in financial services and prioritise member best interests ahead of banking profits and executive bonuses. The key focus of our submission is on 1.15 - Enforceable code provisions, 3.2 & 3.3 - Advice fees in superannuation, 3.4 & 4.1 - No hawking of superannuation and insurance products.
26 February 2020
Financial advice | climate risk | amnesty on unpaid super
The Australian Institute of Superannuation Trustees (AIST) has today warned that providing employers with an amnesty to report unpaid super could see more workers vulnerable to super theft.
20 February 2020
Rem | Fee disclosure | Insurance Code revision & more
19 February 2020
AIST welcomes the opportunity to present our Pre-Budget Submission for 2020-21. Our submission presents a view of the longer term issues facing the superannuation system. Our recommendations are about improving conditions for members into the future and the fairness in the system.
14 February 2020
AIST endorses the principles of accountability, responsibility, and transparency which underpin the proposed Financial Accountability Regime (FAR) and we support the inclusion of the superannuation sector in its scope.
12 February 2020
ASIC on PYSP | unpaid super | impact investing & more
07 February 2020
AIST has concerns regarding the extension of a compensation scheme of last resort to superannuation, notably because there is no evidence that unpaid determinations are an issue within the superannuation sector. The proposal to extend coverage and funding beyond personal advice is not in line with the approach recommended by the Ramsay Review and endorsed by the Royal Commission.
04 February 2020
Retirement Income Review | Super before Parliament | Choice heatmap
03 February 2020
The community has clear views on the need for Australians to have retirement income adequate for a dignified and financially secure retirement and the need for the system to be equitable. Australians also expect the system to have integrity and strong member protections. The AIST submission to the Retirement Income Review addresses these themes.