Yesterday
The biggest market risk you’re probably not thinking about
Insight Investment’s Francesca Fornasari says investors cannot ignore currency markets, especially Australians who are sending billions of dollars overseas.
- Jonathan Shapiro
This Month
Tax changes may make super the best place to stash cash
New analysis shows the changes will have the perverse effect of entrenching tax benefits for some of the country’s wealthiest, spurring calls for widespread tax reform.
- Hannah Wootton
Super fund sued over customers’ unpaid penalties in ‘unique’ case
The claim that ESSSuper left customers more than $40 million out of pocket could prove a test case on how rigorously the $3.6 trillion industry is held accountable for meeting its trustee duties.
- Hannah Wootton
- Exclusive
- Energy
HESTA sides with Woodside on Goyder’s future
But the outspoken superannuation fund, which has criticised the company for not doing enough on emissions reduction, will vote against its climate strategy.
- Kylar Loussikian
- Opinion
- Aged care
Time to force wealthy retirees to tap super to pay for aged care
There is no good reason why today’s workers should fund aged care for older Australians who have accumulated generous superannuation savings.
- Rodney Horin and John Rawling
Animal attraction: Sydney Zoo seeks new backers
Street Talk understands the privately held zoo is seeking to institutionalise its register and expand operations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Small business lacks capital, the NRF thinks it has the answer
The new chief of the National Reconstruction Fund wants to use his $15 billion pot to encourage super funds and banks to invest in normally overlooked ventures.
- Tess Bennett and Hannah Wootton
- Opinion
- Financial planning
Wall Street workers don’t understand how to prepare for retirement
Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.
- Allison Schrager
Future Fund signs ConnectEast deal, buys 19.8pc stake
Queensland Investment Corp is expected to provide management services to Australia’s $272 billion sovereign wealth fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie, PSP ready to part with 88pc of AirTrunk; DD kicks off next week
Street Talk has obtained as much detail as any of the carefully vetted bidders currently signing the non-disclosure agreements.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Retired judges demand $3m super tax exemption
Extending the tax increase to judicial pensions could endanger the courts’ independence and drain talent from the bench, judges warned Treasury.
- Hannah Wootton
Super funds nominating directors to boards ‘unwise’
Super funds that nominate a director to a company board may fail to change the organisation’s strategy and could lose flexibility to manage their investment, leading chairmen warn.
- Sally Patten
March
Teals brand Labor’s $3m policy a ‘cash grab’
Teal MPs say changes to taxation of super funds with balances larger than $3 million could drive investment away from start-ups and leave retirees worse off.
- Hannah Wootton
Unions go after Aware Super, Lendlease over New York building project
Unions in NSW are waging war on the super fund over hiring practices and its investment in a $1 billion Brooklyn development controlled by Lendlease.
- Samantha Hutchinson
- Exclusive
- Venture capital
Square Peg touts billion-dollar returns as it hits up market for $843m
Square Peg, one of Australia’s biggest venture capital firms, has revealed its returns to shareholders have topped $1 billion
- Paul Smith
- Opinion
- SMSFs
High-income earners turn to investment companies
Superannuation is no longer the “go to” tax-effective investment vehicle.
- Michael Hutton
These are the biggest fears for renewables investors
Finding the right blend of risk and return is the biggest headache for climate investors, a new survey shows.
- Jacob Greber
ASIC, APRA warn super funds on executive scrutiny
Regulators and lawyers have warned super funds they need to get their houses in order before tough new executive accountability laws come into force next year.
- Updated
- Hannah Wootton
Super funds accused of using ‘myths’ in ‘relentless lobby’ for less scrutiny
Funds are also using the current performance test as a “a convenient scapegoat” to justify subpar returns instead of explaining their poor results, Karen Chester says.
- Hannah Wootton
Former top public servant and regulator join big super board
Martin Parkinson and Helen Rowell will join the Australian Retirement Trust as directors as it ramps up the independence of its board.
- Hannah Wootton
