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Super

23 December 2024 • By InvestorDaily team • 1 min read

Super funds slowly integrate AI, navigating regulatory challenges

Superannuation funds are cautiously integrating artificial intelligence (AI) into their operations, leveraging its potential to streamline processes, ...

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CY24 returns on track for 11% as growth funds continue to exceed expectation

Super funds had a “tremendous month” in November, according to new data. The median growth fund was up 2.5 per cent for the month, benefiting from ...

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Government stands firm on controversial super tax legislation

The government appears resolute in advancing its contentious super tax legislation, as highlighted in the Tax Expenditures and Insights Statement ...

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Bitcoin industry welcomes AMP’s ‘innovative’ approach to crypto

A local crypto exchange has welcomed AMP’s foray into the crypto space with their bitcoin allocation. In a LinkedIn post last week, Steve Flegg, ...

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AMP says bitcoin ‘too big’ to ignore, confirms modest allocation

AMP has made its first foray into bitcoin, confirming a modest allocation to the cryptocurrency, according to its senior portfolio manager

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Industry funds boost equity allocations while infrastructure investment dips

Industry super funds have upped their allocation to equities over the last six months. Compared to how funds were allocated to March this year, ...

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This fund is on track for $500bn by 2030, according to Morningstar

The country’s second largest fund has a strong enough investment team to warrant continued conviction, a research house has said. Australian ...

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Australian funds fail to hold gas giants accountable on climate action: Market Forces

New analysis has revealed that Australia’s largest super funds are “failing to use the power afforded to them” to rein in oil and gas expansion plans

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Swan defends competency of Cbus directors in Senate appearance

The Cbus chair has maintained the fund’s directors satisfy necessary fit and proper tests, while also defending the board nominations made by the ...

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Objective of super now in ‘ironclad law’: Industry reacts

A decade in the making, industry bodies have praised the passage of the objective of super on Thursday. In a dramatic final day of Parliament, the ...

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