Yesterday
Eighteen funds to control $1trn in retirement savings by 2049: Mercer
Industry superannuation is rapidly consolidating as funds compete more aggressively for members and create increasingly sophisticated investment teams.
This Month
Superannuation bosses submit their US travel bills
They may not have been staying at luxury hotels, but fund bosses still racked up some tidy bills on Kevin Rudd’s US superannuation junket.
Industry funds lobby for death benefits overhaul
ART, UniSuper and Cbus want the government to reform processes as the corporate watchdog prepares to release a report revealing widespread failures.
14 venture capitalists unpack the year ahead
More than a dozen of the country’s biggest tech investors say floats will return, there’s no AI bubble, and Donald Trump may be good news for local firms.
Big super thinks being fined for bad customer service is too harsh
Australian Securities and Investments Commission deputy chairman Sarah Court says it’s a bit rich for superannuation funds to not expect legal action if they misbehave.
Silk, directors singled out in AusSuper death benefits failure
As ASIC chairman Joe Longo called big super the “poster child” for governance failures, the watchdog launched a case in the Federal Court against the biggest provider.
ASX dives 1.6pc; Tariffs ‘entirely unjustified’; The threat worse than tariffs
Read everything that’s happened in the news so far today.
The country’s big super funds are reaching their ASX investing limit
AustralianSuper expects to hit an effective cap on how much it can invest in the local market and make good returns. Its peers are also looking overseas.
Texas court rejects Jervois investors’ hopes to derail stealth buyout
The cobalt miner wants a bankruptcy agreement approved that would hand control of the company to its lender, Boston hedge fund Millstreet Capital Management.
Who are the super directors facing APRA’s tenure limit?
There will scarcely be a board of a major industry super fund untouched if the prudential regulator comes after these lucrative patronages.
Goldman Sachs boss David Solomon’s 24 hours of power
The global finance giant CEO’s visit to these shores was always going to draw out Australia’s biggest names in finance and business.
AustralianSuper’s Schroder has a productivity fix: Build, baby, build
The chief executive of the country’s largest superannuation fund says too much capital is tied up as he urged more housing development.
What Goldman, Macquarie, CBA and AusSuper are really watching amid chaos
Five burning issues for Australian business leaders and global investors have emerged from the tumult of Donald Trump’s first six weeks in the White House.
Shareholders sue to stop ‘rushed’ bankruptcy of cobalt miner Jervois
Two small shareholders are suing collapsed cobalt miner Jervois Global in a Texas court to halt a winding up that will erase hundreds of millions of dollars of investor capital.
Retail super funds revolt as ASIC goes soft on AustralianSuper
The chief executives of AMP and Insignia, which runs MLC and IOOF, have criticised a lower fine for the not-for-profit industry superannuation giant.
February
Big super’s grasp on ASX leads ASIC to fear private markets contagion
A new report by the corporate regulator says the major pension funds control about a quarter of ASX-listed securities, even as they charge into unlisted assets.
AusSuper staff knew of illegal $69m overcharge, court judgment reveals
Workers at AustralianSuper knew the fund had broken laws that required it to merge duplicate accounts years before the issue was reported.
Packer leads push to sell Australian super to the US
James Packer will play a leading role in a push by the $2.8 trillion superannuation sector to sell the success of the Australian pension savings system to the US.
Secret Treasury briefings reveal future of pension savings
Major superannuation funds would guarantee an annual income for millions of retirees under a confidential Albanese government proposal.
AustralianSuper tipped $500m into Nvidia before DeepSeek crash
Australia’s largest super fund was buying up shares in the chipmaker in the lead up to last week’s trillion-dollar sell-off, Wall Street records indicate.