This Month
Super funds are not a piggy bank for Labor’s pet projects
Chalmers’ vow to put to bed “needless brawls” on super is contradicted by his attempts to wager Australian’s retirement savings to prop up nation-building policies.
Big super’s cold feet stall Labor’s $10b low-cost housing plan
More than two years after pledging hundreds of millions of dollars to the flagship scheme, some pension funds are dragging their feet in financing developments.
Admin mess led to AusSuper’s alleged fees-for-no-service failure
AustralianSuper is refunding around $4.2 million to the relatives of affected members over the problems.
May
Disgraced CFMEU boss’ boast is ‘complete rubbish’: Hutchinson
Scott Hutchinson says any suggestion Cbus or its property business would pressure his company over contracts is “complete rubbish”.
Cbus joins pilot program to speed up super payments
The fund has been part of the trial with a handful of large construction industry employers to get a clearer picture of how digital payments will work.
ASIC steps up attack on ‘complacent’ superannuation boards
Superannuation fund boards are in the regulator’s crosshairs for oversight failings over late death benefit payments.
Australia’s best super fund for 2025 is … Cbus?
Wayne Swan’s fund is up for a bunch of industry awards on Wednesday night. And no, none of them are for the most scandals.
April
Inflation steady; $100b fund’s Trump plan; Ex-model running for One Nation
Read everything that’s happened in the news so far today.
He’s just taken over a $100b fund. Here’s his trade war plan
New Cbus chief investment officer Leigh Gavin says Donald Trump’s attack on 20 years of globalisation will make life harder for super members.
Big super is questioning its exposure to Wall Street
Regulatory filings show the country’s biggest retirement funds made billion dollar bets on American technology giants ahead of Donald Trump’s inauguration.
Dexus forced to sell $830m stake in Macquarie Centre to super giants
The Supreme Court of NSW has rejected a last-minute bid from the ASX-listed landlord to stave off the transaction, having found it was required to sell.
No room for super complacency about cyber risk
Big super’s governance failures are now piling up coordinated cyberattacks targeting some of the nation’s largest industry funds.
Burke breaks silence on fund hacks as Victoria Police moves in
Cybersecurity Minister Tony Burke has broken his long silence on last week’s co-ordinated attack on superannuation funds.
Cbus insists Wayne Swan is at the wheel
After backtracking on declarations it had not, in fact, been hacked, Cbus is now investigating its own “cyber incident”.
Cyber minister Tony Burke ‘radio silent’ on super breach: Coalition
The accusation comes after cybersecurity firms identified the details of thousands of Australian retirees for sale online.
Cyberattack exposes Labor big super weakness
Cyber breaches and Donald Trump’s sharemarket rout have exposed further flaws in Labor’s compulsory super system and its union-aligned funds.
Cybercriminals impersonated super executives in week of mass breach
The attacks occurred in the same week hackers compromised the largest funds and siphoned retirement savings out of member accounts.
March
How super funds treat your money when you die is shameful
What we have is a returns-focused industry that makes it very easy to put money in, but much harder for your next of kin to get it out.
Why you should be paying more in superannuation fees
Incentives to put downward pressure on fees have worked, but funds now have little left over to invest in services.
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.