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Rest Super

January

Decarbonisation is firmly in Anna Shelley’s sights as an issue to push companies on.

Big super to keep pushing companies on climate

New climate disclosure laws mean even retail super funds will engage with companies on climate this year. Poor workplace safety and governance is also a concern.

  • Hannah Wootton
UniSuper’s John Pearce and Rest Super interim co-CIO Simon Esposito acknowledge the risk of the sector’s size, but say super provides stability through deep, patient pools of capital.

Super admits its size is a risk but says ‘what is the alternative?’

The managers of Australia’s $4.1 trillion retirement savings pool say they are best placed to invest in banks and private lending despite warnings from the RBA and IMF.

  • Hannah Wootton
Cbus chief investment officer Brett Chatfield and Aware Super CIO Damian Graham are among money managers expecting the Reserve Bank to begin cutting rates at its May or July meeting.

Top super investors dash pre-election rate cut hopes

But they say investors should be optimistic about inflation easing despite later cuts and risks associated with Donald Trump taking the White House.

  • Hannah Wootton
Australian Super chief investment officer Mark Delany and HESTA CIO Sonya Sawtell-Rickson on US exceptionalism and where to find returns in 2025.

Where big super investors are hunting for returns in 2025

The investment bosses of the $4.1 trillion sector say US stocks will keep driving returns, but standout sharemarket performances will likely temper.

  • Hannah Wootton

December 2024

Hostplus paid a hefty sum to have its logo front and centre at Gold Coast Suns games in a previous sponsorship deal.

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.

  • Hannah Wootton
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November 2024

The loved ones of deceased AustralianSuper members will be compensated by the fund if it did not handle their claims fast enough.

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.

  • Hannah Wootton

October 2024

Top earners: Mark Delaney, Deanne Stewart, David Elia and John Pearce.

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.

  • Hannah Wootton

September 2024

ASIC’s Warren Day outlined the limits of the current system of regulating auditors at an inquiry on Friday.

Super boards can rely on ‘reasonable’ outside advice: court

The corporate watchdog has lost a case claiming Rest Super misled customers, with the judge finding the fund relied on reasonable legal advice from Allens.

  • Hannah Wootton
Vicki Doyle has recently stopped drinking coffee and alcohol.

How a tragic car accident upended this CEO’s life

Rest Superannuation’s Vicki Doyle worked at insurer Suncorp for more than nine years. Three weeks into her first general manager role, she got a phone call.

  • Sally Patten and Lap Phan

August 2024

Wind farms produced much less electricity in the June quarter than is typical for the period.

Super funds look to take advantage of energy transition

The biggest question for the $3.9 trillion super sector is not whether to invest in the energy transition’s unlisted asset boom, but rather which opportunities are best.

  • Hannah Wootton

April 2024

AustralianSuper and HESTA are the outliers this time in calling for widespread change.

Big super splits on performance test reforms

Labor announced it was reviewing the test after several funds said the current rules stopped them investing in the “nation building” initiatives the government wanted them to bankroll.

  • Hannah Wootton

March 2024

Deputy leader of the Liberal Party Sussan Ley.

Coalition demands means-testing on parental leave super payments

The opposition says workers with big super retirement savings balances should not get superannuation top-ups paid for by taxpayers.

  • Hannah Wootton and Tom McIlroy
Debby Blakey says companies need to be more creative when hiring if they want to reduce their gender pay gaps.

‘Absolutely nonsense’: Super funds slam investment banker pay gaps

Investment banks claim it will take a long time to fix mammoth gender pay gaps, blaming systemic factors, but super funds show it can be done quickly, CEOs say.

  • Hannah Wootton

February 2024

Super funds’ operational costs are not going down even as they gain scale.

Super fees are not coming down like they were supposed to

The running costs of Australia’s biggest industry super funds have not gone down despite their promises that greater scale would drive down expenses.

  • Hannah Wootton

January 2024

Top earners: Mark Delaney, Deanne Stewart, David Elia and John Pearce.

Revealed: Big super’s executive gender pay gap

Despite pressuring companies to ramp up female representation in their senior ranks, there is just one woman among the top 10 paid executives at the eight most powerful super funds.

  • Hannah Wootton and Sarah Mitchell
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AustralianSuper’s Mark Delaney is hunting for direct lending opportunities.

Super funds step up private lending in challenge to banks

Fund CIOs say increased regulatory scrutiny on bank capital means more borrowers are tapping them for project finance and leveraged buyouts, as well as direct lending.

  • Updated
  • Hannah Wootton
Alexandra Campbell will retain Cbus’ heavy unlisted exposure.

Cbus splits from industry super rivals over performance tests

The Wayne Swan-chaired industry fund urged Treasurer Jim Chalmers to stick to the current regime even as its rivals heavily lobby Canberra for change.

  • Hannah Wootton

Super fund CIOs go defensive amid fears rates stay high

Investment chiefs who collectively manage more than $1.5 trillion in retirement savings are ramping up their exposure to unlisted assets, private credit and cash.

  • Hannah Wootton

December 2023

Super funds paid many millions of dollars to unions last financial year.

Big super spends lots of your money on promotion. Here’s where it goes

New transparency laws reveal for the first time where industry super funds put money for ads and sponsorships. The Tigers and unions are big winners.

  • Hannah Wootton
Cath Bowtell and Wayne Swan

Big super hits out at performance tests

Fund chiefs descended on Parliament House for roundtable discussions as part of Labor’s push to have private money fund “nation building” investments.

  • Hannah Wootton and Ronald Mizen

Original URL: https://www.afr.com/company/retail-employees-superannuation-trust-1n55