February
Chalmers and super chiefs talk tariffs with Bessent in Washington
Jim Chalmers sat alone in the front row and listened attentively as his US contemporary clarified an important point about Donald Trump’s favourite word.
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.
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.
Gold Coast rocket company gets green light for first launch
After a two-year battle with the regulator, Gilmour Space has been granted approval to launch its Australian-made rocket to compete with SpaceX.
December 2024
Charter Hall clears first hurdle in fight to control big name pubs
The property giant and superannuation fund Hostplus have taken a majority stake in Hotel Property Investments during a drawn-out battle for control.
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
Start-up stars: what’s happened to tech’s Class of 2021
VC firms that wrote huge cheques on very generous valuations in 2021 are now nervously watching Australia’s most heavily backed start-ups. How are they going now?
Hostplus’ $125m VC bet signals super’s resurgent interest in start-ups
Higher financing costs have made it a difficult period for new tech firms. But the last month has seen a resurgence in interest from retirement funds.
CFMEU foists officials onto the board of Cbus
The union is being administered by Mark Irving KC. But he doesn’t call all the shots, as shown by the appointment of Paddy Crumlin to Cbus.
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.
Charter Hall calls for independent valuer in HPI takeover fight
The property giant and its partner, super fund Hostplus, have extended their takeover bid for a third time in an effort to get more investors onside.
Software unicorn SafetyCulture to be run from New York with new CEO
SafetyCulture’s founder Luke Anear says he never really wanted to be chief executive, and that the company may be more likely to go public under Kelly Vohs.
Big industry super property fund plunges to $1.5b loss on write-downs
ISPT, backed by AustralianSuper and other big funds, has written down the value of assets in its flagship vehicle as it prepares to merge into IFM Investors.
Inside the Birdcage at Flemington’s Derby Day
With Tabcorp focusing on customers and Lexus on models, Crown’s marquee reigned supreme as the best people-spotting location of the day.
October 2024
Super funds fork out $423m in marketing blitz
Superannuation funds spent millions of members’ retirement savings on marketing, including sponsorships of AFL and NRL clubs.
Charter Hall empty-handed after ‘best and final’ offer for pub owner
Charter Hall and Hostplus have failed to convince the board of Hotel Property Investments after they lifted their offer by 5.5 per cent to $3.85 per unit.
Big super’s executive gender pay gap revealed
Analysis by The Australian Financial Review also shows who the highest-paid superannuation bosses were last year.
Revealed: Which super fund directors earn the most
Payments to directors at one fund outstripped those of comparable size by more than half a million dollars, despite delivering worse returns than most of their rivals, analysis by AFR Weekend shows.
Pub landlord HPI rejects consortium’s $710m bid
The ASX-listed owner of 58 pubs told investors the bid undervalued its portfolio, which would only grow more in value as rates fell.
September 2024
Financial advice for $88: Super funds launch low-cost tools
Superannuation funds have ramped up their financial advice offerings, but the type of advice they can provide remains limited.