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Super

01 October 2024 • By Jessica Penny • 1 min read

Aussie funds address $3.4bn nuclear investment problem

Australia’s super funds have invested approximately $3.4 billion in nuclear weapons companies, with only a few funds, like Hostplus, making ...

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Funds expand bank holdings amid inflows boom

Super funds have significantly increased their ownership of Australian banks in recent years, a trend analysts attribute to the sector’s robust growth ...

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Professionals warn Coalition’s home buyer scheme could undermine super returns

The Coalition’s proposal to allow first home buyers to access their super could significantly harm super funds’ investment strategies and retirement ...

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Industry funds and unlisted assets heralded as ‘dynamic duo’

Industry funds remain at the forefront of the unlisted asset class, with their strong investment appetite for unlisted infrastructure, property, and ...

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Corporate funds face ambiguous long-term prospects

As TelstraSuper joins the trend of merging into larger funds, industry experts are questioning the long-term viability of corporate offerings

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ASIC’s misconduct allegations against Rest Super dismissed

A court has thrown out ASIC’s allegation that superannuation trustee Rest made false or misleading statements about the ability of its members to ...

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Super stages resilient recovery following August market sell-off

Sharp share market falls at the beginning of August failed to dampen momentum with super returns back in positive territory, according to Chant West

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Cbus board vacancies to be filled with CFMEU nominees despite controversy

The CFMEU administrator has moved to fill the vacancies that opened up on the Cbus board last month. Among the three nominees are Paddy Crumlin, ...

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Super funds and managers face tougher greenwashing standards as ASIC intensifies action

With ASIC intensifying its scrutiny of misleading sustainability claims, a legal expert has highlighted crucial lessons for super funds and fund ...

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CFMEU-linked directors exit second super fund

The news comes just weeks after CFMEU-nominated directors left industry fund Cbus. As the super industry continues to grapple with the fallout of ...

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