Coalition signals super policy changesBY ALEX DUNNIN | FRIDAY, 12 JUL 2013 10:10AMThe coalition has signalled that if it wins the 2013 federal election it will institute major reforms regarding how super funds appoint trustees while expecting funds to speed up how they pass on scale fee benefits. |
Editor's Choice
Australian Retirement Trust people chief to depart
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.
SSGA loses $2.4bn in two months
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.
AFCA seeks industry feedback on approaches
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.
Apex, ACA partner to broaden client services
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.
Further Reading
![]() | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
![Phil Usher](https://media.financialstandard.com.au/prod/media/library/Contacts/cwyzorar-0002_featured_profile.png)
Phil Usher
CHIEF EXECUTIVE OFFICER
FIRST NATIONS FOUNDATION
FIRST NATIONS FOUNDATION
Taking a gamble to steady the ship as chief executive of First Nations Foundation, Phil Usher has turned it into a more secure, self sustaining entity, far better equipped to empower First Nations people to achieve financial prosperity. Andrew McKean writes.
The statements made by the Member for Bradfield are offensive and show yet again how out of touch he and his ilk are. I was a Director/Trustee for a period of twenty plus years along with five others (including three Company Directors) on a voluntary basis. The only reason we gave it away was due to the increased regulation and protections caused by the actions of the professionals and now it is stated that there is no competition because of the compulsory schemes. What the Member would be better at is cleaning up the disasters caused by the paid professionals but levied against the entitlements of the members of funds.
Of course that will happen the same time as a polly will never get more than the average worker receives in annual salary increases or allowances. Rather than trying to get the snouts into the trough by so called independents being appointed a bigger effort in making sure that the exact same transparency applies to retail and corporates alike is required.
I know it maybe hard for you to actually be consistent in the approach but it would be a nice approach if it was honestly attempted by the coalition instead of the continued attack on people doing a job and meeting the requirements laid down by the legislation.