Super fund governance bill introduced to House of Reps

The Assistant Treasurer Josh Frydenberg has introduced to Parliament changes to the governance requirements of large superannuation funds. The changes have split the superannuation industry, with support from the Financial Services Council but calls from Industry Super Australia and AIST for the bill to be rejected.

Frydenberg defends super fund governance changes

Assistant Treasurer Josh Frydenberg has defended the Government’s superannuation fund governance reforms and said the Government is considering an ‘alternative’ to the Fair Work Commission process for selecting default super funds. Mr Frydenberg, speaking at the Financial Services Council Annual Conference, said “the Government is committed to ensuring that the retirement savings of Australians are… Continue reading Frydenberg defends super fund governance changes