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Showing 21 - 30 of 56 results for "Modern Awards"

New report stokes 'Compare the Pair' flames

MARK SMITH  |  WEDNESDAY, 13 AUG 2014
... funds," Whiteley said. His comments come as the industry and government are deliberating the appropriateness of the modern awards system, with bank-owned funds claiming the system for selecting default funds stifles competition. "Bank-owned super funds ...

Banks will struggle to profit from super: Sunsuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... indicated that they will aggressively pursue the default market should it open up to general competition (currently the modern awards system means it is something of a closed shop). Hartley said he is proceeding on the assumption that it will open to ...

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
... stand in the way of such an agreement, guaranteeing a continued battle for some time to come: namely, FoFA, and modern awards. Industry funds such as those Whiteley represents rely heavily on the modern awards system to gain new members and hold on to ...

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
Industry super funds should ready themselves for the removal of superannuation from the modern awards system, according to Sunsuper chief executive Scott Hartley. Six months into his role at the fund, the former NAB exec told Financial Standard he thought ...

FWC halts default super review

JAMES FERNYHOUGH  |  WEDNESDAY, 11 JUN 2014
The Fair Work Commission (FWC) has said it will halt its selection of MySuper funds as default funds under modern awards, after the full Federal Court found the expert panel was incorrectly constituted. In a statement released yesterday the president ...

FSC and ISA both claim Federal Court victory

JAMES FERNYHOUGH  |  TUESDAY, 10 JUN 2014
... ISA argued that the result was a victory because the hearing did not result in the removal of superannuation from modern awards. In its statement ISA did not make reference to the two orders. While the hearing was never likely to result in the removal ...

ISA and FSC prepare for Federal Court clash

JAMES FERNYHOUGH  |  WEDNESDAY, 7 MAY 2014
... validity of the Fair Work Commission's Expert Panel responsible for the selection of MySuper funds to be listed on modern awards. While the Federal Court named two official respondents - the FWC and ISA - the surprise is that ISA, not the Fair Work Commission ...

FSC and ISA clash over super and awards

LAURA MILLAN  |  THURSDAY, 24 APR 2014
... questioned the validity of the FWC expert panel and its ability to undertake a review of default superannuation funds in modern awards. The organisation is now seeking an urgent hearing with the FWC before the April 28 deadline for MySuper applications. ...

CBA integrates online business banking with MySuper

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... providers, but this is likely to change if the government proceeds with its plan of removing superannuation from modern awards altogether. This will result in a level playing field, at least from a regulatory point of view, for retail and industry funds. ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The removal of super from modern awards could see the big banks employing illegal or dubious methods to get new employers to sign up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide ...