The IOOF acquisition of the ANZ pensions and investments business has been delayed to meet the requirements resulting from last year’s Australian Prudential Regulation Authority intervention.
The Productivity Commission has sought to curtail the hand employers and unions have in determining default super options in its final report on the superannuation system.
Industry Super Australia worked right up until the last moment to warn the Productivity Commission of the consequences of workers being defaulted into one superannuation fund for life.
The Queensland state secretary of the Construction, Forestry, Mining and Energy Union has called for bank-owned superannuation funds to be ejected from the industry.
Login
