New Direction for Corporate Super Specialist Alliance

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 The Corporate Super Specialist Alliance (CSSA) will make changes to its executive team on 1 March 2015 as a result of a new strategy and overall direction for the group. CSSA President, Douglas Latto, will take up the position of Chief Executive Officer while Managing Director of AFM Advisers, Terry Rhodes, will take on the

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Families disadvantaged due to MySuper legislation

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The mandatory transfer of personal superannuation accounts to MySuper will result in thousands of people losing insurance entitlements attached to their superannuation, according to the Corporate Super Specialist Alliance (CSSA). “Not only will people lose the insurance cover attached to their previous super funds, they will also have no legal recourse to pursue for their

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No turning back: Arbitrary transfer to MySuper exposes members to risk with no recourse

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The arbitrary transfer of thousands of personal superannuation accounts to MySuper is already underway and members have absolutely no recourse for any investment losses or life insurance lost as a result. Corporate Super Specialist Alliance (CSSA) Treasurer, Gareth Hall, said part of the MySuper legislation requires ‘flipped members’ – those who were in a corporate

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CSSA rejects MySuper red tape claim

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The Corporate Super Specialist Alliance (CSSA) disputes that making any MySuper fund a default fund will result in unnecessary costs and expensive red tape. “We actually think the opposite is true,” says CSSA President Douglas Latto. “If any MySuper fund can be a default fund then most employers will not be forced onto the market

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CSSA Renews Calls on Treasury to Preserve Corporate Super Services for Employers and Fund Members

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The Corporate Super Specialist Alliance (CSSA) is seeking a Future of Financial Advice (FoFA) regulation so that employers and fund members can continue to receive the financial services they need in relation to their company super funds. CSSA President, Douglas Latto said employers and policy committees need to ensure their members receive competitive benefits and

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MySuper bites into employee benefits

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Employers may be forced to reduce the benefits they provide for their employees as a result of Stronger Super legislation, as certain super funds change their structure to comply with the new rules. Gareth Hall, Treasurer of the Corporate Super Specialist Alliance (CSSA) said that the CSSA was aware that certain superannuation funds were in

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Workplace super the latest FoFA victim

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The Corporate Super Specialist Alliance (CSSA) is currently liaising with Treasury to find a regulatory solution that will ensure employers and their corporate super fund members can still access the assistance they need from corporate superannuation specialists. CSSA President, Douglas Latto said the move has been prompted by a letter to the CSSA from the

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MySuper: Default super selection a step too far

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The Corporate Super Specialist Alliance (CSSA) has made a submission to the Standing Committee on Education, Employment and Workplace Relations, objecting to the selection of default super funds being incorporated in the Fair Work Amendment Bill 2012. In their submission, CSSA President Douglas Latto says the new selection process would introduce three layers of bureaucracy

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CSSA: FWA lacks expertise, experience to make default super calls

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Fair Work Australia (FWA) does not have the specific knowledge and necessary superannuation experience to select default super funds for inclusion in industrial awards, according to the Corporate Super Specialists Association (CSSA). The CSSA is responding to a statement from the Minister for Financial Services and Superannuation, Bill Shorten, on the Interim Report of the

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CSSA supports industry preference for default super option

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The Corporate Super Specialist Alliance (CSSA) has come out in support of other industry bodies responding to the Interim Report of the Productivity Commission Inquiry into Default Superannuation Funds (the Productivity Commission). The Productivity Commission put forward four options as alternatives to reform the process for the selection and ongoing assessment of superannuation funds for

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