Today
Big super to keep pushing companies on climate
New climate disclosure laws mean even retail super funds will engage with companies on climate this year. Poor workplace safety and governance is also a concern.
- 38 mins ago
This Month
Super admits its size is a risk but says ‘what is the alternative?’
The managers of Australia’s $4.1 trillion retirement savings pool say they are best placed to invest in banks and private lending despite warnings from the RBA and IMF.
Top super investors dash pre-election rate cut hopes
But they say investors should be optimistic about inflation easing despite later cuts and risks associated with Donald Trump taking the White House.
Where big super investors are hunting for returns in 2025
The investment bosses of the $4.1 trillion sector say US stocks will keep driving returns, but standout sharemarket performances will likely temper.
December 2024
- Updated
- Victorian Parliament
Brad Battin wins Victorian Liberal leadership with all-male team
Jess Wilson and Chris Crewther lost in a vote to replace John Pesutto on Friday morning as the Liberal Party voted in an all-male leadership team while much of Victoria was engulfed in bushfires.
- Updated
‘Excellent return’: How much your super is expected to grow this year
Soaring equities at home and abroad are pushing returns firmly into the double digits as 2024 draws to a close, research houses say.
Former cop Brad Battin to challenge for Victorian Liberal leadership
A spill vote against embattled Opposition Leader John Pesutto is slated for Friday, but a ballot will first decide if absent MPs can vote remotely.
Australian authors dominate Christmas book sales
Tim Winton, Helen Garner, Joe Aston and Nagi Maehashi – or RecipeTin Eats, as her website is called – are leading sales and helping independent bookshops stay strong.
Super savings on track for 11pc return in 2024
A US sharemarket rally fuelled by Donald Trump’s clean election sweep is fuelling a strong end to 2024 for superannuation funds.
Super boards, executives failing on unlisted asset valuations
The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.
Cbus says $387,000 birthday party was in members’ interests
The industry fund used money earmarked for staff professional development to host a 40th birthday bash for more than 750 guests
How Cbus’ big party year went horribly wrong
It’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?
How super funds are tapping the private credit boom
The $4 trillion sector is moving past classic unlisted assets to look at private debt, more creative private equity, social infrastructure and energy transition assets.
- Exclusive
- Superannuation
How big super is spending your money on sponsorship and marketing
Jumps in advertising spends at industry giants such as Aware Super and UniSuper came despite a crackdown by the watchdog questioning whether these costs are in members’ best interests.
November 2024
Crumlin had ‘extensive experience’ in super before getting Cbus job
Construction industry super fund chairman Wayne Swan has defended CFMEU-appointee Paddy Crumlin’s suitability to help oversee its $94 billion in retirement savings.
Wayne Swan caves to Senate demands over Cbus scandal
The former Labor treasurer and Cbus chairman had refused to appear at a Senate committee hearing until he was threatened with compulsion.
Senate demands answers from Wayne Swan on Cbus scandal
It comes as Cbus faces a reckoning over its customer service and governance and after the fund tried to dodge earlier requests to appear before the Senate.
Big Super’s reckoning has arrived
After 32 years of guaranteed inflows from workers and scant scrutiny, the $3.9 trillion industry faces customer fury over service, unclear investment practices and questionable governance.
- Exclusive
- Superannuation
AustralianSuper pays members back $4.2m over claims handling delays
The industry super giant is voluntarily compensating the loved ones of deceased members after an overhaul of its claims handling processes imposed tough new timelines.
Super chiefs risk pay cut for failings: ASIC, APRA
The corporate watchdog has threatened superannuation fund executives with penalties if they do not fix their customer service failings.