Australian Ethical, Bloomberg join ASFA

Stakeholders in the superannuation industry are becoming increasingly diverse despite continued consolidation among funds, with the Association of Superannuation Funds of Australia (ASFA) expanding its membership to include organisations spanning responsible investment, technology, banking and workplace health.

Australian Ethical, Bloomberg, the Centre for Corporate Health (CFCH), Commonwealth Bank and Oak Hill Advisors have joined ASFA as new members in 2026, broadening the range of organisations represented by the industry body.

ASFA said the growth in membership reflected the diversity of Australia's superannuation sector and the value of bringing a wider range of perspectives into industry discussions.

"The ongoing expansion of our membership is a clear reflection how diverse Australia's superannuation sector truly is," ASFA said.

"When more organisations have a seat at the table, the result is stronger representation, richer collaboration, and a more capable industry overall."

The new members span several areas of the broader superannuation ecosystem, from investment management and financial data to banking and workplace mental health.

CFCH said its membership would provide an opportunity to contribute expertise around workplace mental health and psychosocial risk.

"We're delighted to be joining ASFA and the broader superannuation community," the organisation said.

"We're looking forward to sharing practical insights on workplace mental health and psychosocial risk, contributing to ASFA's professional development content and connecting with members at the ASFA conference."

The expansion comes as superannuation continues to play a central role in retirement outcomes, with ASFA's latest Retirement Standard finding a comfortable retirement costs a homeowner couple $1513 a week, while a single homeowner requires $1075.

ASFA chief executive Mary Delahuntry said the Age Pension provided an essential safety net but was not intended to fund the retirement lifestyle many Australians aspire to.

"It was never designed to fund the kind of lifestyle in retirement that most Australians aspire to. Super is the difference between watching every dollar and having a sense of financial security in retirement," she said.