This Month
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.
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
‘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.
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 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
Time for big super to lift board skills
Big super thinks of itself as an engine of the financial system. But big funds need to bridge the gap between their directors’ skills and those managing the billions in retirement savings.
Big super reckoning: what the Cbus woes mean for industry funds
This week on The Fin podcast, James Thomson and Hannah Wootton on the case against the firm, what it means for industry funds and why the “super wars” are back.
How Cbus’ big party year went horribly wrong
It’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?