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A coalition of senators say they will not support the government’s proposal to change the structure of superannuation boards. Mick Tsikas/AAP

Industry super funds saved from US-style ideology

Research suggests it’s not the independence of super fund directors that matters, but their training and experience.
Almost a year after it was finished, the government has responded to the Financial System Inquiry, agreeing with the majority of its recommendations. Lukas Coch/AAP

Super members the winner in sensible financial inquiry response

It’s a good thing that Australia’s large and growing super sector will attract greater policy focus in coming years.
Prime minister Malcolm Turnbull has accepted almost all the recommendations from the Murray Inquiry into the financial system. Mick Tsikas/AAP

Government to act against businesses exploiting credit card charges

The Turnbull government will ban businesses from charging consumers excessive surcharges on their credit cards, and move to inject more competition into the superannuation industry.
Part of the nest egg of Australian superannuation funds is now being invested in a media startup. indi.ca/Flickr

Not my super! Aussie super funds take media gamble with New Daily

In a controversial move, affiliates of the Industry Super Funds network (AustralianSuper, Cbus and Industry Super Holdings) have spent a combined A$3 million of member funds on an online news website…

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