This Month
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.
AusSuper staff knew of illegal $69m overcharge, court judgment reveals
Workers at AustralianSuper knew the fund had broken laws that required it to merge duplicate accounts years before the issue was reported.
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.
Secret Treasury briefings reveal future of pension savings
Major superannuation funds would guarantee an annual income for millions of retirees under a confidential Albanese government proposal.
AustralianSuper tipped $500m into Nvidia before DeepSeek crash
Australia’s largest super fund was buying up shares in the chipmaker in the lead up to last week’s trillion-dollar sell-off, Wall Street records indicate.
January
Internal figures show true cost of Endeavour’s split with Woolworths
The retailer behind BWS and Dan Murphy’s has never disclosed the cost of its 2021 separation from the supermarket giant, but it seems more than many expected.
AustralianSuper takes half stake in $1.4b European logistics portfolio
The industry giant and co-owner Oxford Properties Group aim to grow the venture to $7.5 billion in three to five years.
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.
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.
AustralianSuper takes $100m hit from collapse of cobalt miner Jervois
The battery minerals play, which was once valued at more than $1 billion, will delist from the ASX and be taken private, rendering its equity worthless.
December 2024
Employment shock; Libs leader loses trial; Forrest’s vital moment
Read everything that’s happened in the news so far today.
AustralianSuper’s graphite bet Syrah defaults on US government debt
More than $370 million of loans have helped keep the miner afloat, but civil unrest in Mozambique has halted production there and triggered default clauses.
Synagogue attacked; AusSuper’s $1 trillion woe; Murdoch Christmas bash
Read everything that’s happened in the news so far today.
AusSuper has a $1 trillion problem. It’s working backwards to solve it
While the Australian super system deals with its first real crisis, AustralianSuper’s Paul Schroder is looking to the future.
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
David Collard paid for Rolls-Royce as staff woes mounted
It’s the latest tightening rope around the flashy businessman, who had plans for his multinational business to build electric “gigabatteries” in Geelong.
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.
Airtree raises $650m for new start-up investment funds
The money for the high-profile venture capital firm’s two new vehicles came from institutional investors in the US and from three Australian super funds.
PM’s financial advice reforms at risk of collapse
The government’s efforts to get a deal on giving more Australians access to good financial advice without paying thousands of dollars have stalled after an impasse on funding.
Greencross names new CEO as TPG eyes exit path
The new chief executive of the vet clinics and Petbarn and City Farmers pet stores arrives amid intense competition from Woolworths and other big retailers.