The Australian Institute of Superannuation Trustees (AIST) has launched a Reconciliation Action Plan (RAP) to outline the organisation's plans to achieve stronger economic, social, and financial inclusion for Aboriginal and Torres Strait Islander peoples and communities.
AIST chief executive, Tom Garcia said: "We are committed to building strong, meaningful relationships with Aboriginal and Torres Strait Islander peoples, organisations and stakeholders because we know this is an integral part of bringing about lasting change".
"AIST acknowledges that we have an important role to play in promoting reconciliation," he said.
The RAP will help enhance existing initiatives, such as the Indigenous Superannuation Working Group, and provide new collaborative opportunities with like-minded Australian organisations and companies in the not-for-profit sector.
Garcia said that commitment to community partnerships, financial wellbeing, and cultural recognition would continue to drive the RAP in the AIST membership base with projects like the Indigenous Super Summit and the Big Super Day Out.
"While we are still at the beginning of our reconciliation journey… we hope to lead to improved retirement outcomes for Aboriginal and Torres Strait Islander people," Garcia said.
"As an organisation [we are] committed to fairness, equality and advancing retirement outcomes for all Australians."
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
Add new comment