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Survey reveals narrow preference of AIST over ASFA
The Association of Superannuation Funds of Australia (ASFA) and the Australian Institute of Superannuation Trustees (AIST) appear to be running neck and neck as the preferred organisation in the superannuation industry.
Results of a survey conducted by Super Review and insurer International Underwriting Services (IUS) at the recent Conference of Major Superannuation Funds (CMSF) has revealed a narrow preference on the part of respondents for the AIST.
However, the results of the survey need to be seen in the context of CMSF having been organised by the AIST, with high numbers of delegates to the conference being associated with industry superannuation funds.
The survey asked delegates if they could be represented by just one industry organisation whether they would choose the AIST, ASFA or the Investment and Financial Services Association (IFSA).
The survey found that 46.7 per cent of respondents voted in favour of AIST, compared to 39.7 per cent for ASFA and just 2.1 per cent for IFSA.
The poor showing of IFSA is regarded as being unsurprising in circumstances where funds management representatives and other people associated with the retail side of the superannuation industry had relatively low representation at CMSF this year.
AUTHOR
Mike Taylor
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