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Infrastructure investment at risk from default super changesBY DARREN SNYDER | TUESDAY, 22 NOV 2016 12:51PM
Industry Super Australia deputy chair John Brumby says changing the default superannuation system would pose threats to super fund inflows and lessen the opportunity to invest in nation building infrastructure.Read more: John Brumby, Industry Super Australia, Canberra, ACTU, Dave Oliver, Innes Willox, Australian Council of Trade, Australian Industry Group, AustralianSuper, Bill Shorten, Fairfax Media, Financial Services Kelly O'Dwyer, Labor, Minister for Revenue, Monday, Parliament House, Superannuation Conference, Superannuation Opportunity
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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