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Super

17 June 2024 • By Rhea Nath • 1 min read

Do super funds still hesitate to invest in property?

While many investors were burned by property markets over the last few years, super fund executives say there are still gains to be made through ...

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Super tax concessions no longer fit for purpose, warns think tank

The Australia Institute’s latest report suggests the concessions come at a huge cost in foregone revenue and will soon become more expensive than the ...

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Super funds poised to deliver ‘high single-digit returns’ for FY23–24

This financial year looks to be competitive for fund performance despite April’s sharp pullback, according to SuperRatings. Following April’s ...

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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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