CSSA: MySuper and Grandfathering

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The Corporate Super Specialists Alliance (CSSA), whose members work with Australian companies and their workers to provide them with improved life insurance and superannuation outcomes via their corporate superannuation plans, is calling on Treasury to provide detail now around grandfathering provisions that will apply to MySuper legislation or for the Government to delay the implementation

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CSSA: common sense approach to default super welcome

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The Corporate Super Specialist Alliance (CSSA) is very pleased that common sense seems to be prevailing in relation to default superannuation funds. In the CSSA’s response this week to the Interim Report of the Productivity Commission Inquiry into Default Superannuation Funds released late last month, CSSA Treasurer Gareth Hall congratulated the Productivity Commission (the commission)

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CSSA: Modern awards restrict employer choice

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The Corporate Superannuation Specialist Alliance (CSSA) submission to the Productivity Commission Inquiry into Default Superannuation in Modern Awards suggests that the vast majority of employers want to provide the best outcomes they can for their employees. According to CSSA President, Douglas Latto, in most cases, employers view superannuation as an important part of their employees’

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CSSA: The Government is Back-flipping

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With submissions on MySuper Tranche 3 due 16th May, the Corporate Super Specialist Alliance (CSSA) is concerned that a significant number of corporate super members are in danger of losing their insurance cover. According to CSSA President, Mr Douglas Latto, there is a fundamental flaw in the assumptions made by Treasury regarding what happens to

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Corporate super adviser not addressed by FoFA

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The Corporate Superannuation Specialist Alliance (CSSA) believes there is one area of financial planning still not fully understood and addressed by the FoFA debate – the role of the corporate superannuation adviser. CSSA President, Douglas Latto, says that ”Many parties have assumed that all we do is provide personal advice to members and charge a

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MySuper negates Ripoll’s consumer engagement ambitions

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Measures to be introduced into MySuper will undermine the ambition of Bernie Ripoll, Chair of the Parliamentary Joint Committee on Corporations and Financial Services (the PJC), to improve consumer engagement with their retirement savings, according to the Corporate Super Specialist Alliance (CSSA). Mr Ripoll was reported yesterday as saying he hoped the introduction of Future

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CSSA calls for insurance service fee for group insurance

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The Corporate Super Specialist Alliance (CSSA) is calling on the Government to consider allowing corporate super specialists providing insurance services to employer groups to charge an insurance service fee. The request was put to the Government in the CSSA’s submission responding to the Exposure Draft Superannuation Legislation Amendment (MySuper Care Provision) Bill 2011. “Corporate super

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Socialist approach of MySuper encourages member disengagement

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The Government’s Stronger Super package released this week unnecessarily dumbs down superannuation, encourages Australians to disengage with their super and wilfully ignores the fact that there are already many viable, low-cost superannuation plans that cater to the needs of everyday working Australians, according to the Corporate Super Specialist Alliance (CSSA). “The Government’s socialist approach to

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Opt-in, collective super fees, and the ministry of double standards

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The call by the Federal Government and the Industry Super Network (ISN) for a collective fee to be paid by super fund members to give them access to personal financial advice is a blatant demonstration of double standards, according to the Corporate Super Specialist Alliance (CSSA). A collective fee is a fee paid by all

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CSSA: Market volatility highlights risks to ordinary workers

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The current volatility on share markets around the world should demonstrate to Government that ordinary workers cannot afford to be without the financial guidance and access to advice currently provided within their corporate super plans, according to the Corporate Super Specialist Alliance (CSSA). “The volatility is a powerful and timely demonstration of what millions of

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