This Month
Can Meg O’Neill deliver Woodside’s $100b gamble?
The ambitious chief executive is on the front line of the climate change wars. And she has big plans to turn the local LNG giant into a global powerhouse.
Two retail super funds outperformed many larger industry rivals
Booming equity markets have boosted two of the biggest retail superannuation funds to return rates nearing 13 per cent over the past financial year.
Why this $140b industry super fund likes shopping malls so much
By 2030, a growing population will need much more retail space to cater for its shopping needs. Even allowing for online buying, we are running out of malls.
Super giant turns to Japan amid Trump trade fears
The country’s second-biggest superannuation fund is investing more heavily in Japan at the expense of local shares and the US.
June
Pathzero reinforces green credentials for asset managers
Pathzero has developed the largest private markets emissions data network globally, and wins the small organisation category in the Sustainability Leaders list.
HESTA fund managers boost female ranks in diversity push
The superannuation giant is pushing to reform the male-dominated funds management sector, saying diverse teams make better investment decisions.
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.
Directors’ club open to annual elections
Australian Institute of Company Directors chair Naomi Edwards says the business community could live with annual elections of directors.
HESTA’s big plan to invest in European student beds, self-storage
Big super funds have long had positions in real estate including offshore, but the pressure to go global is increasing as they outgrow opportunities at home.
May
Can Labor turn a big win into a green energy reality?
Clean energy advocates hope Labor can use the policy seeds planted in its first term to deliver its energy transition agenda. The reality will be much harder.
The AI start-up growing faster than Canva
Blackbird Ventures says medical AI start-up Heidi Health is on track to make $23 million in revenue this year.
Super giant dumps MinRes stake as board changes loom
HESTA has sold its remaining holding after it criticised the Chris Ellison-led miner for its lack of action on improving its corporate governance.
From banking to rocket science: the family behind Australia’s space bid
After two decades at Citibank, Adam Gilmour, his brother James and his wife Michelle are just days away from launching Australia’s first locally made space rocket.
This $29b US tech firm wants to shake up Australian superannuation
SS&C has grown its staffing levels by more than five times in less than three years as it readies to fight market leader MUFG for lucrative administration work.
April
‘Could be next Cochlear or ResMed’: heart device maker wins FDA approval
EBR Systems, backed by investors such as HESTA, Hostplus and private equity veteran Mark Carnegie, can start selling its technology within months.
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
This ‘nightmare’ superannuation reform has small businesses worried
Small businesses owed $1.8 billion in unpaid super in 2023, now reforms aimed to make sure it is paid on time has them on edge.
ASIC reads big super the riot act on death insurance, savings payouts
A review of how funds process insurance and savings payments to the families of dead members found excessive delays and serious customer service failings.
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.
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.