March
Beware the ‘misleading’ label on your super
A former chief investment officer has questioned the labelling of high-growth default options and criticised the concentration of assets in the US equity markets.
October 2023
Super fund QSuper hands back keys to NYC office tower
QSuper has quit a big bet on Manhattan real estate as rising interest rates and falling vacancies spoil its global property interests.
July 2022
Australian Retirement Trust, QIC back $500m affordable housing
The investment vehicle put together by ART and the investment manager comes as major super funds step up investment in affordable housing.
March 2022
Six mega funds will tower over super
A mega super fund was born this week when QSuper and Sunsuper became the $207 billion Australian Retirement Trust. It’s a taste of things to come.
November 2021
QSuper sued over AFCA insurance call
QSuper has been accused of rorting up to 140,000 members by overcharging life insurance premiums in a new class action.
Big super should fix governance to stay in business
Upholding the highest governance standards would strengthen the industry funds’ arguments that members should be on the hook if things go wrong.
Wave of super mergers to pave way for $100b mega funds
A wave of mergers will lead to the creation of a dozen mega super funds within four years, as APRA pushes small operators to exit the $3.3 trillion sector.
Mega Sydney airport deal faces ACCC heat
Sydney Airport and suitor IFM Investors face a potential battle with the competition watchdog and small shareholders after agreeing a $23.6 billion takeover.
October 2021
Qsuper faces audit of $200m franking credit stripping scheme
Members of one of Australia’s largest industry super funds may have to foot the bill for a record penalty over a controversial tax strategy.
September 2021
QSuper seeks court nod to levy fee for possible fines
The $120 billion fund is pleading with the Queensland Supreme Court for the power to charge members a fee that will help pay for penalties in the event of breaches.
‘Super-charged’ public takeovers?
Some say we are witnessing the beginning of a wave of super fund-led public company takeovers, and Canberra has pricked up its ears.
August 2021
QSuper’s dismal return its greatest success
CEO Michael Pennisi believes member satisfaction is a true measure of a fund’s success.
July 2021
Why industry super funds have a love affair with infrastructure
Why are the country’s giant industry super funds so eager to acquire the pandemic-struck Sydney Airport?
Airlines fear ‘gouging’ if Sydney Airport bid succeeds
The consortium that made the $22 billion takeover proposal has pitched it as a great deal for “Sydney and the travelling public”. Airlines beg to differ.
Big super lobs $22b for nation’s biggest airport
Some investors say an $8.25-per-share cash takeover offer is fair. Others would hate to see one of the world’s few remaining listed airports fall into private hands.
Sydney Airport raid shows the power of big super
Sydney Airport offers the prospect of steady returns for long-term investors when the borders open and the bid is another example of the increasing importance of Australian industry super funds in the infrastructure market.
June 2021
QSuper faces member backlash over climate risk concerns
Lawyers acting for two QSuper members wrote to Queensland’s largest super fund urging it to strengthen its policies to better manage climate change risk.
Statewide Super chooses Hostplus for merger talks
South Australian-based superannuation fund Statewide Super has entered exploratory merger talks with industry giant Hostplus. Collectively, the funds would form a $77 billion super giant.
April 2021
Spirit Super hits out at Maritime-Hostplus-style mergers
Naomi Edwards, the chairwoman of the $23 billion Spirit Super, has criticised parts of the $3 trillion sector for “getting wealthy on the back of a compulsory superannuation system”.
March 2021
QSuper, Sunsuper deal creates $200b fund
QSuper and Sunsuper have signed a heads of agreement to merge and create Australia’s second largest superannuation fund.