Shorten suggests forcing retail super funds to have independent trustees

Opposition leader Bill Shorten has floated the idea of forcing retail superannuation funds to have “genuinely” independent trustees.

“One idea that has emerged from some quarters is: should banks actually be in superannuation?” Mr Shorten is widely reported as saying,

Government drops proposed one-third independent directors for super funds

The Government has, reportedly, dropped plans to change the governance of large super funds by requiring at least one-third independent directors.

The Government has for some time wanted to increase the number of independent directors on super fund boards –

Super changes would take control away from working people: ACTU

Changes to superannuation being debated in the Senate would take control away from working people and give more power to the banks, says the Australian Council of Trade Unions.

The Senate began debating some of the superannuation changes today, including

Government’s super Bills an “unprecedented ideological attack”

Industry Super Australia says the Government’s superannuation Bills, set for debate in the Senate today, are an “unprecedented ideological attack”.

Most of the Government’s superannuation agenda is scheduled for debate, including changes to super fund governance and reporting. Read

All Government super Bills set for debate today, except objective of super

All the Government’s superannuation Bills are set for debate in the Senate today, except for the Bill setting the objective for super.

Update, Tuesday evening: The Senate didn’t debate the superannuation Bills today, only reaching the Treasury Laws Amendment (Housing

Labor may yet support expansion of super fund choice

Labor will oppose the Government’s superannuation governance and reporting changes, but may yet support an expansion of super fund choice to more employees.

Labor says it will oppose two of the Government’s superannuation Bills, but may support a third if