In what the two organisations are describing as an “unprecedented move for retail and industry superannuation”, the tie-up will see a “united front” from the super industry.
“The superannuation industry is now at the point of maturity where it must speak with a united voice,” said FSC chief executive John Brogden, announcing the move at the FSC annual conference in Brisbane today.
“ISN is here at our conference to symbolise a new relationship in superannuation policy in Australia.
“On the eve of the election we are signalling to Canberra that the ISN and FSC will work together on many key issues impacting super fund members.
“This is the start of a new era”.
Mr Brogden said the whole superannuation industry had suffered from divisiveness between retail and industry funds, and that this new partnership makes amends.
ISN CEO David Whiteley said the move would take superannuation “out of the political discourse” and ensure better policy making on superannuation.
Association of Superannuation Funds of Australia chief executive Pauline Vamos said she was "heartened" by the annoucement.
""We are heartened by the announcement from the Financial Services Council and the Industry Super Network today that they are ending their public skirmishes and intend to work together in the interests of fund members," she said.
