Government Super Report reveals need for increased productivity

By Steve Blizard   10 June 2018 Over the past month there have been an unusually large number of articles about superannuation. So what is going on? On the 29 May, the Productivity Commission released a report that documents various flaws in the current $2.6 trillion compulsory superannuation system. Since 1991, the design of default based…

Federal budget 2018 – Life insurance premiums to rise 30pc under opt in

By Alice Uribe    Australian Financial Review  9 May 2018 Superannuation fund members might end up paying 30 percent more for their life insurance cover under the government’s sweeping plans to stop account erosion in the $2.5 trillion super sector. The federal government on Tuesday introduced measures that remove default life insurance for new superannuation fund members…

Industry super funds spend $37 million on advertising

by Sally Patten   7 Sept 2017  Australian Financial Review Industry superannuation funds spent more than $37 million last year to promote themselves in the media, 54 per cent more than their retail super scheme rivals. Figures compiled for The Australian Financial Review using data from AQX Standard Fusion show that the bulk of the difference in media spend…

Industry super is Australia’s biggest closed shop

by Andrew Bragg  12 January 2016  Australian Financial Review As The Australian Financial Review’s Chanticleer column noted in December, declining union membership has not limited the growth or campaign capacity of the modern incarnation of the union movement. The likes of Getup, Industry Super Australia (ISA) and a bunch of think tanks pursue reckless anti-business…