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Super

05 June 2024 • By Rhea Nath • 1 min read

Federal Court finds Active Super misled investors on ESG credentials

ASIC commenced civil penalty proceedings against the $13.5 billion fund last year over allegations it misrepresented to the market that it was an ...

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Super performance test at odds with Future Made in Australia, warns industry body

The current framework of the test remains a barrier to allocating capital at scale towards the energy transition despite the government’s recent $22

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Super trustee cops $780k fine over data reporting failures

According to APRA, the trustee failed to meet its legal obligations to report data by the required deadline for two funds under its trusteeship

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Super fund announces $500m commitment to Qld real assets

Brighter Super intends to invest an additional $500 million in Queensland across sectors like infrastructure, agriculture, and housing against the ...

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Super funds double investments in ‘climate wrecking’ companies

While super funds have doubled their investments in the fossil fuel industry to nearly $40 billion, investments in clean energy companies are ...

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Mega funds still lead the pack, but ‘second six’ notch strong growth

While Australia’s largest super funds maintained their dominance in 2023, KPMG’s latest analysis found the $50 billion–$100 billion fund cohort has ...

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Total super assets climb past $3.8tn

Latest statistics from APRA show fund assets have grown 11.3 per cent since March 2023. According to new data from the Australian Prudential ...

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ASFA sounds alarm on $6.4bn uninvested super

The industry body has advocated for finding the “right balance” regarding the significant portions of members’ savings set aside to meet regulatory ...

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Super funds eye global markets to tackle capacity challenges

Weighing up the capacity problem onshore against enticing opportunities offshore, two of Australia’s largest super funds have shared their approach ...

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TWUSUPER, Mine Super announce new merger date

The funds were expected to merge by mid-2024. Mine Super and TWUSUPER have announced a new merger timeline and expect to formally come together in ...

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