Members of not-for-profit superannuation funds should be responsible for appointing board members in circumstances where union and employer appointees can be perceived as conflicted, according to the Governance Institute of Australia.
Industry Super Australia has warned the Government’s move to make insurance inside superannuation “opt in” for under 25s could leave millions of Australians without appropriate cover.
Plaintiff law firm Maurice Blackburn has slammed the Insurance inside Superannuation Working Group as an ‘ineffectual exercise’ which has given rise to serious unintended consequences.
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