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AustralianSuper

Yesterday

Rio Tinto chairman Dominic Barton has battled Palliser’s calls for unification.

Norway’s sovereign wealth fund to vote against Rio Tinto unification

The huge fund intends to vote to keep Rio Tinto’s dual-listed structure, despite other shareholders supporting a bid to review it.

March

Competition between superannuation funds jumped on last year.

Insignia cops the biggest losses as retirement savers move to rivals

Some $74 billion in superannuation switched providers last year, new research shows, much of it headed to industry funds and self-managed wealth platforms.

Australia’s superannuation sector is a national treasure, but that doesn’t mean funds cannot be run better. ASIC makes a good case to clean up death benefits.

How super funds treat your money when you die is shameful

What we have is a returns-focused industry that makes it very easy to put money in, but much harder for your next of kin to get it out.

ASIC chairman Joe Longo.

ASIC reads big super the riot act on death insurance, savings payouts

A review of how funds process insurance and savings payments to the families of dead members found excessive delays and serious customer service failings.

CIO panel left to right: VFMC’s Russell Clark, AustralianSuper’s Mark Delaney and Hostplus’ Sam Sicilia.

Super funds ‘stomach the volatility’ until equities rebound

Hostplus CIO Sam Sicilia is preparing for a sharp bounce in equity markets, while AustralianSuper’s Mark Delaney hasn’t touched his portfolio.

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If the policy ambition was to put downward pressure on fees, it has worked.

Why you should be paying more in superannuation fees

Incentives to put downward pressure on fees have worked, but funds now have little left over to invest in services.

The consolidation of the superannuation industry will leave retirees with a few, bigger options.

Eighteen funds to control $1trn in retirement savings by 2049: Mercer

Industry superannuation is rapidly consolidating as funds compete more aggressively for members and create increasingly sophisticated investment teams.

Most people at or nearing retirement age have far less superannuation than is recommended for a comfortable retirement.

Superannuation bosses submit their US travel bills

They may not have been staying at luxury hotels, but fund bosses still racked up some tidy bills on Kevin Rudd’s US superannuation junket.

UniSuper called for a standardisation of death certificate information across all states and territories to ease the administrative burden on funds and members

Industry funds lobby for death benefits overhaul

ART, UniSuper and Cbus want the government to reform processes as the corporate watchdog prepares to release a report revealing widespread failures.

Square Peg’s Paul Bassatt, OneVentures’ Michelle Deaker, Airtree’s Craig Blair,  Andrea Gardiner of Jelix Ventures, and Blackbird’s Rick Baker are among the investors who responded to the AFR survey.

14 venture capitalists unpack the year ahead

More than a dozen of the country’s biggest tech investors say floats will return, there’s no AI bubble, and Donald Trump may be good news for local firms.

ASIC deputy chairman Sarah Court maintained super funds would not be treated differently.

Big super thinks being fined for bad customer service is too harsh

Australian Securities and Investments Commission deputy chairman Sarah Court says it’s a bit rich for superannuation funds to not expect legal action if they misbehave.

Silk, directors singled out in AusSuper death benefits failure

As ASIC chairman Joe Longo called big super the “poster child” for governance failures, the watchdog launched a case in the Federal Court against the biggest provider.

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ASX dives 1.6pc; Tariffs ‘entirely unjustified’; The threat worse than tariffs

Read everything that’s happened in the news so far today.

Paul Schroder, the chief executive of AustralianSuper, says 70 per cent of new funds will be invested overseas.

The country’s big super funds are reaching their ASX investing limit

AustralianSuper expects to hit an effective cap on how much it can invest in the local market and make good returns. Its peers are also looking overseas.

Jervois’ cobalt operations in Idaho. The mine has been closed since a slide in the cobalt price two years ago.

Texas court rejects Jervois investors’ hopes to derail stealth buyout

The cobalt miner wants a bankruptcy agreement approved that would hand control of the company to its lender, Boston hedge fund Millstreet Capital Management.

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Stagnant super fund boardrooms are about to get a mandatory gust of fresh air.

Who are the super directors facing APRA’s tenure limit?

There will scarcely be a board of a major industry super fund untouched if the prudential regulator comes after these lucrative patronages.

Goldman Sachs CEO David Solomon.

Goldman Sachs boss David Solomon’s 24 hours of power

The global finance giant CEO’s visit to these shores was always going to draw out Australia’s biggest names in finance and business.

AustralianSuper chief executive Paul Schroder says “our pants should be on fire” to fix housing and productivity

AustralianSuper’s Schroder has a productivity fix: Build, baby, build

The chief executive of the country’s largest superannuation fund says too much capital is tied up as he urged more housing development.

Shemara Wikramanayake Macquarie Group chief executive says that there’s a lot of work to do to achieve equality.

What Goldman, Macquarie, CBA and AusSuper are really watching amid chaos

Five burning issues for Australian business leaders and global investors have emerged from the tumult of Donald Trump’s first six weeks in the White House.

Jervois cobalt operations in the US state of Idaho

Shareholders sue to stop ‘rushed’ bankruptcy of cobalt miner Jervois

Two small shareholders are suing collapsed cobalt miner Jervois Global in a Texas court to halt a winding up that will erase hundreds of millions of dollars of investor capital.

Original URL: https://www.afr.com/topic/australiansuper-jla