Financial Standard Comments - FSC and ISA clash over super and awards The Financial Services Council's (FSC) request to review the constitution of the Fair Work Commission (FWC) expert panel on super and awards has met with opposition from Industry Super Australia (ISA). https://www.financialstandard.com.au/feed/latest?story=39673155 Thu, 24 Apr 2014 14:32:54 +1000 Thu, 24 Apr 2014 14:32:54 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Mervin C Reed (Corpfinplan)

Whitely and ISA started all of this and are well versed at having things go their way. Now that Brogden and the FSC say that the selection process needs to be moved to APRA , we have moaning and groaning and its the end of the world.

The MySuper stuff was an ISA invention that went wrong when they could not control the Cooper report. Game over for MySuper which will see the death of the Industry funds and ISA know it. Drop in cash flow crashes when awards no longer direct money into ISA hands and its going to be an interesting time.

Let's level the playing field and restrict trustee fees from ISA funds to $100,000 per trustee per annum all inclusive.

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]]> Mervin C Reed (Corpfinplan) Thu, 24 Apr 2014 14:32:54 +1000