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Super changes won't keep warring factions quiet


Super changes won’t keep warring factions quiet
Super changes won’t keep warring factions quiet
Treasury’s release of draft regulations around the Your Future, Your Super reforms indicates it has taken on much of the – often scathing – industry feedback. But there’s one sticking point that’s set to keep the war on super ticking over.
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The government’s sweeping changes to the YFYS reforms are likely to be met with much relief from within the superannuation industry. The indices against which funds will be benchmarked have been modified to ensure that allocations to infrastructure don’t see them unfairly penalised, while administration fees will now also be included in the performance test. ....

Jane Hume , Lachlan Maddock , Australian Institute Of Superannuation Trustees , Super Australia , Australian Institute , Superannuation Trustees , Ian Silk , ஜேன் ஹியூம் , ல்யாக்லந் ம்யாடொக் , ஆஸ்திரேலிய நிறுவனம் ஆஃப் சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , அருமை ஆஸ்திரேலியா , ஆஸ்திரேலிய நிறுவனம் , சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , ஈயந் பட்டு ,

AIST calls Senate Committee to reject YFYS bill


AIST chief executive, Eva Scheerlinck, said: “While we welcome the shift on more appropriate benchmarks and administration fees in the performance measures, the regulations unfortunately confirm widespread carve-outs to performance testing, including for the worst performing super products.
“Crucially, some of the worst-performing superannuation products have been carved out of performance testing, putting consumers at risk of being stapled to a dud fund for life which will actually reduce retirement outcomes.”
Scheerlinck said at least one-third of super funds, including those identified by the Productivity Commission as worst performers, would not be subject to the performance test, and any new MySuper products would not be subject to the test for the first five years. ....

Sally Loane , Eva Scheerlinck , Martin Fahy , Senate Committee , Association Of Superannuation Funds Australia , Productivity Commission , Financial Services Council , Australian Institute Of Superannuation Trustees , Australian Institute , Superannuation Trustees , Superannuation Funds , Your Future Super , Martin Fahy , Sally Loane , மார்டின் பஹி , செனட் குழு , சங்கம் ஆஃப் சுப்பெறன்ணுஅதிோன் நிதி ஆஸ்திரேலியா , ப்ரோடுக்டிவிடீ தரகு , நிதி சேவைகள் சபை , ஆஸ்திரேலிய நிறுவனம் ஆஃப் சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , ஆஸ்திரேலிய நிறுவனம் , சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , சுப்பெறன்ணுஅதிோன் நிதி , உங்கள் எதிர்கால அருமை ,

Prince Charles to address super funds


Prince Charles to address super funds
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One of the nice things about today’s zoomed world is that it doesn’t take airfares and hotel bills to get someone to speak at your conference. Allowing groups like the Australian Institute of Superannuation Trustees to invite top business speakers like, uh, His Royal Highness The Prince of Wales.
None other than Charles Windsor will present a “special video message” at next month’s conference.  
AP
At next month’s Conference of Major Funds gathering in Adelaide, none other than
Charles Windsor will present a “special video message”, to explain Terra Carta, a new “investment alliance” he’s come up with to put “nature, people and the planet at the heart of the financial sector”. He’s keen on Australian superannuation funds getting involved. ....

South Australia , Charles Windsor , Australian Institute Of Superannuation Trustees , Australian Institute , Superannuation Trustees , His Royal Highness The Prince , Major Funds , Terra Carta , Prince Charles , Retirement Income Review , தெற்கு ஆஸ்திரேலியா , சார்லஸ் விண்ட்சர் , ஆஸ்திரேலிய நிறுவனம் ஆஃப் சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , ஆஸ்திரேலிய நிறுவனம் , சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , அவரது அரச உயர்ந்த தன்மை தி ப்ரிந்ஸ் , டெர்ரா கார்ட்டா , ப்ரிந்ஸ் சார்லஸ் , ஓய்வு வருமானம் விமர்சனம் ,

Superannuation reforms hand too much power to politicians, industry says


Superannuation reforms hand too much power to politicians, industry says
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The superannuation industry is warning a raft of changes for the $3 trillion sector will hand politicians too much control over the funds’ spending decisions despite significant changes to investment performance tests.
Treasurer Josh Frydenberg and Superannuation Minister Jane Hume released regulations for the new Your Future, Your Super reforms on Wednesday and revealed the performance benchmarks super funds must meet will now include administration fees and new categories to better measure unlisted assets. ....

Eva Scheerlinck , Jane Hume , Josh Frydenberg , Australian Institute Of Superannuation Trustees , Superannuation Minister Jane Hume , Superannuation Trustees , ஜேன் ஹியூம் , ஆஸ்திரேலிய நிறுவனம் ஆஃப் சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் , சுப்பெறன்ணுஅதிோன் அமைச்சர் ஜேன் ஹியூம் , சுப்பெறன்ணுஅதிோன் அறங்காவலர்கள் ,