Media releases

  • Budget set to reinvigorate savings culture

    Posted: Tuesday 11 May, 2010

    The 2010 Budget has provided a strong foundation for meeting the nation’s future economic challenges with a quicker than anticipated return to surplus, additional funding for nation building infrastructure, and new measures to promote a savings culture.

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  • New analysis shows super reforms boost nest eggs by up to 75 %

    Posted: Thursday 06 May, 2010

    New modeling has revealed the combined impact of Government’s recent superannuation announcements will supercharge the retirement nest eggs of Australians – particularly part-timers and other low income earners.

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  • Australian Workers Big Winners in Henry Review

    Posted: Sunday 02 May, 2010

    The Rudd Government’s response to the Henry Tax Review released today will enshrine super as a central plank of Australia’s social and economic fabric and will supercharge the retirement savings of Australian workers.

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  • Australia’s workers the winners in Government financial advice reforms

    Posted: Monday 26 April, 2010

    Industry Super Network (ISN) welcomed the Federal Government announcement that it would reform Australia’s financial planning industry in line with best practice public policy and consistent with international financial services sector reform.

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  • Industry Super Network Welcomes MySuper Proposals

    Posted: Tuesday 20 April, 2010

    Industry Super Network (ISN) has welcomed the Cooper Review’s ‘MySuper’ proposals which address the staggering inertia costs and conflicts of interest created by the commission system.

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  • Market failure in superannuation costs workers $1.3 billion in 2009

    Posted: Monday 19 April, 2010

    New data by independent ratings agency Rainmaker has quantified for the first time that in 2009 $1.3 billion was redirected via commissions from national retirement savings to financial planners, including $550 million from compulsory (SG) super.

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  • Not for profit super funds dominate superannuation “league tables” – more proof of market failure in super

    Posted: Thursday 25 March, 2010

    Today’s release of Australian Prudential Regulatory Authority (APRA) performance data has again highlighted the market failure of Australia’s super system. The data is evidence of the phenomenon that in super: “the more you pay, the less you get”.

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  • IPA must disclose its commercial interests

    Posted: Tuesday 23 March, 2010

    Industry Super Network (ISN) called on the Institute of Public Affairs (IPA) to disclose the names of its corporate donors behind a critical report on Industry Super Fund trustees reported in The Fairfax press on Saturday 20 March, 2010.

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  • FPA backpedals on insurance commissions: self-regulation

    Posted: Wednesday 17 March, 2010

    The Financial Planning Association’s (FPA) admission that they want to retain commissions on insurance proves that self-regulation won’t resolve conflicts of interest in financial planning.

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  • Reform of the planning industry will increase supply of financial advice by 125 per cent: Rice Warner

    Posted: Tuesday 09 March, 2010

    Anticipated reforms requiring financial planners to act in the best interests of their clients could more than double the number of people receiving financial advice and add 10 per cent to Australian savings within 15 years, according to new research by Rice Warner Actuaries.

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