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Superannuation

CSC pivots towards divestment

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
At Commonwealth Superannuation Corporation's annual general meeting yesterday, the $50 billion government fund revealed it has divested pure-play coal.

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn.

Sunsuper, QSuper confirm merger will go ahead

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 15 MAR 2021
Sunsuper and QSuper will merge later this year, with the two funds naming the key executives and board directors to lead the $200 billion entity.

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
Allowing Australians to use their superannuation savings to buy property will push up house prices and worsen affordability for low-income earners, says ASFA.

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
Former Prime Minister Malcolm Turnbull has turned on his former colleagues, Tim Wilson and Andrew Bragg, saying their proposal to give people access to super to spend in the housing market is "just wrong".

Global net zero framework launched

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
The Institutional Investors Group on Climate Change has launched the Net Zero Investment Framework, providing institutional investors with a guide to implementing a net-zero investment strategy.

GROW Super rebrands

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
GROW Super has rebranded to GROW Inc in a bid to diversify away from its superannuation offering.

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
QSuper has officially launched its new product to meet the increasing demand for guaranteed retirement income well ahead of the federal government's mandate.

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg.

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press.