Industry superannuation is leveraging its $1 trillion-plus asset pool to push the federal government to overhaul annual testing of their funds’ performance, telling Treasurer Jim Chalmers the regime discourages investment in the energy transition.

Big capital descended on Parliament House in Canberra on Tuesday for a series of roundtable discussions with Dr Chalmers and Energy Minister Chris Bowen, as part of Labor’s push to have private money fund “nation building” investments such as the energy transition, housing and defence.