Industry Super Australia

Industry Super Australia launches third ‘Compare the Pair’ campaign

Industry Super Australia has launched the third generation of its ‘Compare the Pair’ advertising campaign. The organisation says the campaign aims to “remind Australians what to look for when choosing a superannuation fund”. As with earlier Compare the Pair campaigns, the ads are based on a comparison between average industry… Read More »Industry Super Australia launches third ‘Compare the Pair’ campaign

Retail super funds failing social licence with underperformance: ISA

Industry Super Australia has accused retail super funds, or bank-owned super funds, as ISA refers to them, of failing to meet their social licence with long-term underperformance. ISA points to SuperRatings data, which shows that the industry super fund balanced investment options have, on average, outperformed retail balanced options by… Read More »Retail super funds failing social licence with underperformance: ISA

Retail super funds have 29% of assets but collect 50% of fees

Retail superannuation funds are collecting fees far higher than their assets and performance should suggest, according to Industry Super Australia (ISA). Retail funds account for 29% of superannuation Funds Under Management (FUM), but collect 50% of superannuation fees, according to research commissioned by ISA. This compares to non-for-profit (industry) funds… Read More »Retail super funds have 29% of assets but collect 50% of fees

Bank remuneration review does nothing to stop cross-selling super: ISA

A recently released report into retail bank remuneration does nothing to stop banks continuing to cross-sell “underperforming” super funds to customers, says Industry Super Australia. The Retail Banking Remuneration Review, also known as the Sedgwick Review, was released yesterday. It was commissioned by the Australian Bankers’ Association (ABA). The ABA said the recommendations… Read More »Bank remuneration review does nothing to stop cross-selling super: ISA

New anti-bank super campaign launched by Industry Super Australia

Industry Super Australia has launched a new attack campaign on the banks and their “attempts to dismantle the model used by the most successful part of the superannuation system, and put at risk the retirement savings of millions of Australians”. The campaign, called ‘Banks aren’t super’, includes a TV ad depicting… Read More »New anti-bank super campaign launched by Industry Super Australia

FSC calls for Super 2.0, ISA calls it more cross-selling and bundling

The Financial Services Council has called for strengthened governance and increased competition in the superannuation system, which Industry Super Australia says is a call for more cross-selling and bundling of super products by the major banks. FSC CEO Sally Loane used the release of the FSC/UBS State of the Industry 2017 report… Read More »FSC calls for Super 2.0, ISA calls it more cross-selling and bundling