FSC and ISA clash over super and awardsBY LAURA MILLAN | THURSDAY, 24 APR 2014 11:55AMThe 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). Related News |
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Robert De Dominicis
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It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
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.