Latest News

The following news items have been produced by Industry Super Network (ISN). ISN is an umbrella organisation for the industry super movement. ISN advocates on issues impacting members of industry super funds, undertakes research and policy development for ISN and runs the Industry SuperFunds marketing campaign. Media releases, reports on latest issues, submissions to Government and regulatory authorities, research reports and other information about ISN can be found on the ISN website.

ME Bank passes on full RBA rate cut

by ME Bank - 06 December 2011

Reinforces commitment to genuinely fairer banking - ME Bank has committed to passing on the Reserve Bank’s latest rate cut in full to its standard variable rate home loan customers, following the RBA’s announcement earlier today.

Read more
Financial advice cleanup will boost super savings of millions of Australians

by Industry Super Network - 29 August 2011

Draft legislation released today by the Federal Government to enable the Future of Financial Advice (FOFA) reforms will stop millions of people paying for financial advice they don’t receive and build aggregate national savings by billions of dollars, according to industry super funds.

Read more
Ongoing asset-based fees are commissions by another name

by Industry Super Network - 15 July 2011

Industry Super Network (ISN) has re-released May 2011 research by Rice Warner Actuaries[1] that found financial advice paid for on an up-front basis rather than by an ongoing asset-based fee or commission was between two and 17 times cheaper.

Read more
Applications now open for Super Grads 2012

by AIST - 13 July 2011

The Super Grads Program (previously known as Super Cadets) is an initiative run by the industry, for the industry and in 2012, industry super funds and the not-for-profit superannuation sector are seeking their next generation of leaders.

Read more
ISN welcomes a price on carbon

by Industry Super Network - 11 July 2011

Industry Super Network (ISN) welcomes the Government’s announcement of the introduction of a price on carbon.

Read more
Media Release: Government financial advice changes a win for consumers

by Industry Super Network - 28 April 2011

Industry super funds today congratulated Superannuation Minister Bill Shorten on his Future of Financial Advice Reforms (FOFA) announcement and prospective legislation, which has retained the central integrity and intent of the FOFA package originally announced in April 2010.

Read more
Industry super fund members could be over $120 a week better off in retirement

by Industry Super Network - 22 March 2011

An ISN media release in which new modelling by ratings agency SuperRatings shows that members of industry super funds could be an average of $82,026 better off than retail super fund members due to the impact of sales commissions and higher fees, over a 40 year working life.

Read more
Campaign to showcase industry super funds' commitment to conflict of interest free fincial advice

by Industry Super Network - 21 March 2011

Industry super funds will commence a national print media advertising campaign this week, to inform their members about financial advice services available from their fund.

Read more
New Research: Financial Advice ‘Opt-In’ will have Negligible Cost to Industry

by Industry Super Network - 21 February 2011

Research from Rice Warner Actuaries has found that the business impact on planners of seeking an annual renewal for deduction of fees from their clients was negligible.

Read more
New research shows strong consumer support for financial advice reforms

by Industry Super Network - 21 February 2011

New research by the Newspoll organisation conducted in February shows strong consumer support for more transparent charging for financial advice, including being prompted annually to consent for any ongoing fees to be deducted from their savings by financial planners.

Read more