The Industry Super Network (ISN) has changed its name to Industry Super Australia (ISA), with chief executive David Whiteley saying the change reflected the growing role of industry superannuation in the nation’s economy.
The announcement comes after ISA formed a strategic partnership with the Financial Services Council, with the two associations to work together on the critical issues for superannuation in Australia.
“We’ve been successful advocates for making the system fairer - including the reforms to financial advice and the banning of commissions,” Whiteley said.
“And most importantly, our outperformance has meant better average returns to our members,” he added. “We’ve achieved this with a governance model that sees an equal representation of employers and employees who work together and act only in members’ interests.”
ISA represents five million members across the industry super fund sector who work for 600,000 Australian employers.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
A professional says all roads will lead back to superannuation in the next election.
Iress has said that incident involving the unauthorised access reported this week extends beyond what was initially reported.
Treasurer Jim Chalmers delivered the Albanese government’s third federal budget on Tuesday evening (14 May), touting a balanced approach in an environment of cross-currents.
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