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Superannuation

Hostplus bumps cash allocation up

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
Industry fund Hostplus has revised its asset allocation, bumping the allocation to cash in its balanced option up from 0% to 5%.

AustralianSuper throws weight behind SDG platform

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
AustralianSuper, the nation's largest superannuation fund, has joined British Columbia Investment Management and PGGM to establish the Sustainable Development Investments Asset Owner Platform (SDI AOP).

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
The balanced options of the majority of the country's super funds are only just in the red after suffering through an unprecedented period of market volatility.

Indigenous foundation teams up with super funds

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
First Nations Foundation (FNF) has launched an online resource to help Indigenous Australians find, manage, and grow their superannuation.

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
A controversial promotion at mining giant Rio Tinto has demonstrated how even the biggest of super funds hold very little sway when it comes to engaging with companies they invest in.

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
APRA has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme.

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
AMP has taken the AMP Capital Ethical Leaders Balanced fund off its investment menus for superannuation members.

Pension fund suffers $235bn loss

JAMIE WILLIAMSON  |  MONDAY, 6 JUL 2020
The world's largest pension fund posted a record quarterly loss and a negative return of more than 10% to March end, it has reported.

Pension fund in divestment hoax

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
Global climate change activist group Extinction Rebellion has come under fire after it posed as Sweden's largest pension fund and claimed it was divesting from all companies with operations in fossil fuels.

QSuper culls comprehensive advice

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
The $110 billion industry fund will stop offering comprehensive advice to new customers on July 6 and cut over 50 positions, as it sees demand for holistic advice fall.