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Industry super funds

May

Rest head of brand Chris Pocock has some fun on set.

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?

Wayne Swan’s Cbus is up for several awards.

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

Wayne Swan on the campaign trail on Sunday.

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”.

It’s believed hackers used passwords obtained from other hacks to access member portals.

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.

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Some of the nation’s largest superannuation funds have had customer data breached.

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

ASFA has had its wires crossed with ASIC Chairman Joe Longo for months.

ASIC and ASFA should get a room

Sufferers of chronic neck pain, best stop reading here.

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.

Richard White resigned as WiseTech’s chief executive in October but returned as executive chairman last month.

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.

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.

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.

February

Instead of insatiably seeking to take in more money from new and existing members, Big Super should be focused on how it’s paying out more to members when they hit retirement.

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 and Andrew Bragg appear at odds over what an answer to a question on notice is.

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

Simone Constant and Margaret Cole plan to keep the pressure up on superannuation funds this year.

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.

Political events overseas, including the election of President Donald Trump (pictured) have made a political football of investor sustainability issues.

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.

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Pushing ahead with investment: AustralianSuper has taken half of a $1.4 billion European portfolio of warehouses and logistics depots from Canada’s Oxford Properties.

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.

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.

December 2024

Super funds are set to deliver strong returns this calendar year.

‘Excellent return’: How much your super is expected to grow this year

Soaring equities at home and abroad are pushing returns firmly into the double digits as 2024 draws to a close, research houses say.

Office towers are plummeting in value, but APRA says super funds are falling short on repricing their assets.

Super boards, executives failing on unlisted asset valuations

The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.

Cbus has defended the high bill of its 40th birthday bash, which both John Setka and Wayne Swan attended.

Cbus says $387,000 birthday party was in members’ interests

The industry fund used money earmarked for staff professional development to host a 40th birthday bash for more than 750 guests

Original URL: https://www.afr.com/topic/industry-super-funds-6gaq