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Industry fund for coal miners on ESG journeyBY ELIZABETH MCARTHUR | MONDAY, 2 DEC 2019 11:20AM
Mine Super, the $11 billion industry fund for the coal mining industry, has clarified its position on a number of ESG issues.
Read more: ESG, Mine Super, Royal Commission, Ethinvest, Westpac, Attribution, AUSTRAC, Co-op Fiona Thomas, Damian Cottier, Ethical Advisers, Investment Performance Measurement, James Harwood, Perennial Value Management Sustainable Future Trust, Risk Management, Russell Investments, Sydney, Vasyl Nair
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The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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