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Transforming superannuation, wealth & advice
Delivering better outcomes for savers, retirees and investors in a challenging economy
Super & Wealth Summit - Final release registration
Superannuation, wealth and advice leaders on delivering better outcomes for savers, retirees and investors.
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Featured
See which super funds rate the worst for retirement
Regulators have criticised the super industry for largely ignoring a new obligation to help members prepare for retirement.
- Hannah Wootton and Joanna Mather
Super fund QSuper hands back keys to NYC office tower
QSuper has quit a big bet on Manhattan real estate as rising interest rates and falling vacancies spoil its global property interests.
- Jonathan Shapiro
- Exclusive
- Construction
Greenwash clash as funds hit Boral board over lowered carbon targets
A group of funds led by HESTA and AMP are demanding Boral reinstate its 2030 emissions reduction target. Boral says that would be akin to greenwashing.
- Hannah Wootton
SMSFs forced to sell to cover $3m super tax: study
Farmers and small business owners were particularly likely to be forced to sell assets to finance the tax, the study shows, with 13.5 per cent of affected SMSFs too illiquid to pay the tax without sales.
- Hannah Wootton
What super funds spend on ads, donations, exec pay to be made public
APRA warned funds it wants to publish the data. It comes as, in the battle for members, funds launch bigger advertising campaigns and elite sport sponsorship.
- Hannah Wootton
This Month
How ‘nation building’ can deliver competitive super returns
AustralianSuper’s Don Russell cites infrastructure as an area where the $3.5 trillion sector has helped modernise Australia without compromising on returns.
- Hannah Wootton
Big super rejects government call to solve aged care funding crisis
While Labor flags nation-building aged care, super funds resist using Australians’ savings as a “fix-all” source of needed revenue.
- Updated
- Hannah Wootton
UniSuper buys former Gunns timber plantation in Tasmania
The superannuation giant, along with two European pension funds, will consider building wind farms after buying the biggest freehold land asset in the state.
- Jenny Wiggins
‘Stubborn’ Labor offers no compromises on $3m super tax
Industry players also warned the tax will potentially hit more people than suggested, as draft laws released on Tuesday confirmed it would not be indexed.
- Hannah Wootton
Labor pushes ahead with $3m superannuation tax
The government will release draft legislation today on its plan to crack down on tax concessions for big balance accounts.
- Hannah Wootton
September
What to do if your super fund fails the performance test
Around 60,000 investors’ options flunked the annual test this year, and that is set to grow in 2024 as more products are reviewed. If you are one of them, APRA wants you to “think about moving your money”.
- Hannah Wootton
Government advances plans to use super for aged care
The Albanese government has invited superannuation industry representatives to the next meeting of its aged care taskforce.
- Phillip Coorey
Betashares buys Bendigo Bank super arm as it enters retirement market
The acquisition comes as part of Betashares’ plan to establish itself as a broader financial services outfit.
- Hannah Wootton
HESTA demands energy company boards act on climate change
The industry super fund wants companies to accelerate commercialisation of hydrogen in Australia as it outlines its active engagement priorities.
- Hannah Wootton
Super giant’s net-zero promise raises pressure on companies
Australian Retirement Trust’s Nicole Bradford says the $240 billion fund cannot turn on a dime to meet climate goals, as its promise to cut emissions by 43 per cent by 2030 adds pressure on the sector to adopt interim targets.
- Hannah Wootton
- Opinion
- Bonds
Why morphing asset classes is a good idea
The “white space” between traditional asset classes is anything but bare. Those that can tap into alternative and hybrid assets are finding greater return for risk and diversification.
- Katrina King
Super funds failing to disclose climate-related financial risk
Just two funds are progressing to meeting international climate disclosure standards, Treasury has been told, while BT, MLC, Colonial First State and Hostplus are the biggest laggards.
- Hannah Wootton
Nicola Roxon to chair new $1.4trn industry super lobby group
The new group combines Industry Super Australia and Australian Institute of Superannuation Trustees and represents more than $1.4 trillion in assets.
- Hannah Wootton
Big super has let retirees down, AMP CEO says
Alexis George concedes super funds were failing to help customers transition to retirement, meaning many were cutting costs unnecessarily.
- Hannah Wootton
A net zero promise is not enough, super must hit this annual target
Funds with net zero targets must reduce their emissions by 7 per cent annually or risk greenwashing claims and customer anger, an investment strategy firm has warned.
- Hannah Wootton
- Exclusive
- Commercial property finance
Planning risks hold up affordable housing investment, super funds say
The government needs to reform planning laws to entice the investors it needs to achieve its “ambitious” goal of building 1.2 million homes in five years.
- Michael Bleby and Hannah Wootton
ASIC puts super funds on notice about active investment ‘greenwashing’
The warning comes as a report shows funds own 8pc of Woodside and 9pc of Santos but suggests they are not pushing the oil and gas giants hard enough on net zero.
- Hannah Wootton
- Exclusive
- Superannuation
Big industry super unites in political lobbying power play
A new “big eight” of superannuation funds will dominate the $3.5 trillion retirement savings system with a lobby group dominated by Labor heavyweights.
- Joanna Mather and Hannah Wootton
ASIC sues for members’ lost $69m in warning to super industry
The corporate watchdog is taking AustralianSuper to the Federal Court for failing to consolidate the accounts of 90,000 members, which cost those individuals $69 million.
- Updated
- Hannah Wootton
August
AustralianSuper’s plan to keep customers for life
The super giant proposes combining members’ super savings with government age pension payments to create an income stream applied by default at age 67.
- Joanna Mather and Lois Maskiell
