This Month
ISPT offloads Blue Mountains shopping centre for $34.8m
The super fund-backed fund manager has sold a shopping centre in the Blue Mountains for $34.8 million
Industry super funds have problems they won’t even acknowledge
Even as yet another fund publishes a review questioning its governance processes, the industry super lobby group is launching director courses.
June
Why a decking company has made James Hardie shareholders so livid
On Friday, Australian investors will be forced to watch as a vote on the controversial transaction happens without them. They are making sure it never happens again.
HESTA’s big plan to invest in European student beds, self-storage
Big super funds have long had positions in real estate including offshore, but the pressure to go global is increasing as they outgrow opportunities at home.
May
Rest Super’s big rebrand spend with KPMG the least of its problems
Who says paying consultants to change the colour of a logo isn’t in members’ best financial interests?
Australia’s best super fund for 2025 is … Cbus?
Wayne Swan’s fund is up for a bunch of industry awards on Wednesday night. And no, none of them are for the most scandals.
Rest Super plays into its leakers’ hands
A ‘confidential email’ telling staff to stop leaking to the media naturally resulted in more of that very activity.
April
Cbus insists Wayne Swan is at the wheel
After backtracking on declarations it had not, in fact, been hacked, Cbus is now investigating its own “cyber incident”.
What you need to know about the massive superannuation cyberattack
Several super funds with millions of members have been subjected to a co-ordinated cyberattack. Here’s what you need to know.
Money taken in co-ordinated cyberattack on big super funds
The nation’s largest superannuation funds were repeatedly warned they were underprepared for cyber threats before criminals hacked into thousands of accounts and stole retirees’ savings
March
‘No compelling reason’ to support Rio Tinto unification: ACSI
Fund managers and the Australian Council of Superannuation Investors are against collapsing the mining group’s dual-listed structure.
Super giants demand WiseTech overhaul after damning White review
A board review found the software company’s billionaire co-founder had misled the board and made incomplete disclosures about his relationship with an employee.
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.
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.
February
Big super shouldn’t control our retirement
Meaningful change to the retirement income system should ensure that consumers have competitive and tailored retirement products and services to choose
Wayne Swan, Cbus still won’t answer the question
The Labor powerbroker and Cbus chairman and Liberal Senator Andrew Bragg seem at odds on what constitutes an answer to a question on notice.
January
Warning to big super: fix customer service, or we’ll see you in court
Labor’s plan to force superannuation funds to meet minimum standards will add fuel to regulators Margaret Cole and Simone Constant’s 2025 ambitions.
Big super still supports diversity despite Trump
While political shifts in the US have brought to prominence some loud voices, investments should not be subject to short-term and non-evidential noise.
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.