The government’s arguments for mandated minimum quotas of independent directors on industry fund boards rely heavily on “assertion” rather than evidence, says Bernie Fraser in a new report.
Industry fund Statewide Super has entered an agreement with the Association of Independently Owned Financial Professionals (AIOFP) to provide retail financial advice services to members.
The ATO should be allowed to use its new identification powers to transfer unclaimed superannuation funds back into members' active accounts, argues ASFA.
A new survey by industry fund Club Plus has found young Australians are engaged with superannuation, but lack proper education about the way the system works.
Australia's retirement savings system grew to $2.1 trillion by the middle of 2016, according to new statistics published by APRA.
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