ISA proposes new restrictions on retail superBY JAMES FERNYHOUGH | THURSDAY, 16 OCT 2014 12:45PMRetail funds should be banned from providing default super to employers who bank with them, according to Industry Super Australia (ISA) chief executive David Whiteley. Related News |
Editor's Choice
Apex Group head of super to depart
Apex Group managing director for superannuation will leave his post in September, joining its technology partner in a C-suite capacity.
Morningstar predicts platforms to pull Centuria Bass Credit Fund
Amid a ratings downgrade and possible governance issues concerning the Centuria Bass Credit Fund (CBCF), Morningstar predicts the property debt fund will be pulled from major investment platforms and unlikely receive new inflows.
ETF Shares cuts fees on US technology ETF
ETF Shares has reduced the management fee on its ETFS US Technology ETF (ASX:WWWW) positioning the fund as one of the lowest-cost options for Australian investors seeking exposure to leading US technology companies through the ASX.
AustralianSuper appoints co-heads of Australian equities
AustralianSuper has appointed Andrew Smith and Luke Smith as co-heads of Australian equities, effective immediately.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Picking up on these comments perhaps industry fund members should be banned from dealing with ME bank due to cross share holdings and other conflicts.
This is an interesting concept. Would the Industry Funds also be willing to accept that they could not be a defualt fund for any industries where their union delegates are board or policy committee members or paid some portion of their income by the respective industry fund?
It would be interesting to know if all employees of every industry super fund in Australia are offered the very fund they work for as the default fund. It would also be interesting to know the percentage of employees of every industry fund in Australia who are members of the super fund they work for and secondly the percentage of employees who have elected not to be a member of the fund they work for and have decided to elect a fund of choice.
You would imagine this data would be readily available to David Whiteley as Chief Executive of ISA and it would be enlightening for this to made available to all.