Yesterday
‘Ethical’ fund’s excuse for gambling, coal stakes unbelievable: judge
Active Super was found to have engaged in greenwashing, investing in companies such as Whitehaven Coal and SkyCity despite promising not to.
- Hannah Wootton
- Opinion
- Chanticleer
What big investors want in the puzzling ESG era is pretty simple
Making money is hard, let alone doing it when the goalposts are shifting around. But boards should never forget what drives investors.
- Anthony Macdonald
- Opinion
- Chanticleer
Why KKR’s Colonial First State calls default pension plan ‘dangerous’
Colonial First State chief executive Clive van Horen says the wealth and super giant is back in growth mode. But he’s not shying away from a big super debate.
- Updated
- James Thomson
The three types of people most likely to avoid high-end super tax
A new study shows a quarter of high-income earners tweak their finances to minimise the tax they pay on superannuation, and they are mostly self-employed, trust beneficiaries and women.
- Updated
- Hannah Wootton
This Month
- Opinion
- First-home buyers
Why Gen Z’s share portfolios should be free of capital gains tax
There’s little prospect of housing affordability improving, so the portfolios of young savers should get the same tax-free treatment as the family home.
- James Weir
- Opinion
- EOFY
Five things for SMSFs to do before June 30
Think of it as the world’s most boring, but incredibly profitable, game with the Tax Office.
- Tim Mackay
DIF’s ageing funds ignite $1b renewables auction; Cbus rolls in
Cbus, sources said, joined DIF’s selldown to avoid contemplating life on the register with an unknown major shareholder.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
‘Radical, illogical’ cap on super ASX stakes would cost savers
Instead of helping Australians buy ASX shares, a cap as proposed by Andrew Bragg would just help foreign capital own more of the market, industry experts warned.
- Hannah Wootton
Baby Boomers are loaded. Why are they so stingy?
Recent evidence has cast doubt on the notion that a spending splurge by those born between 1946 and 1964 is on the way.
- The Economist
The super funds where customers are retiring faster than new ones join
The research from KPMG comes as the $3.6 trillion superannuation industry heads towards the point it is paying out more cash than it brings in.
- Hannah Wootton
CFMEU redundancy fund push sparks call for worker choice
Builders are calling for workers to have the right to choose their own redundancy fund in response to a CFMEU push to oust a fund that returned thousands of dollars to workers.
- David Marin-Guzman
APRA tightens Mercer’s super licence over risks, compliance failures
The watchdog has forced Mercer Super to bring in external compliance experts after finding several breaches of its legal duties.
- Hannah Wootton
Boomer ‘wave’ of outflows starts to hit super
Australia’s biggest retail superannuation funds are paying out billions more dollars in cash than they are bringing in as baby boomers reach retirement age.
- Updated
- Hannah Wootton
Healthscope is a fiasco for private debt funds – and their unitholders
In these situations, unitholders typically find out after the fact just how stressed the positions are.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Recruiter questions can exclude skilled migrants
Readers’ letters on employer discrimination; NSW battery rebates; nuclear power; slow digital services rollout; raiding super for housing; Rishi Sunak’s early election; and Joe Biden’s meme manager.
Investors to be stung by $250m in new advice fees
A tax office ruling will see investors pay 7.5 per cent more for advice obtained from super funds and platforms, despite government moves to cut advice costs.
- Michelle Bowes
Rest Super-backed Cibus to push into carbon farming and robotics
Cibus Capital will make a big push into regenerative farming and will use the latest robotics to expand one of the country’s biggest seedling growers.
- Larry Schlesinger
What to do if you are asset rich but cash poor
Four strategies to help your assets and savings work harder as the cost of living grows.
- Updated
- Duncan Hughes
- Opinion
- Federal budget
There’s a super-sized hole in the budget. Here’s why
The forecast bounce in the tax take on superannuation will not happen because we’ve massively overdone the concessions that take from poorer and give to richer Australians.
- Chris Richardson
‘Super-sized hole’ in budget as Treasury revises tax take
Treasury has cut $11 billion from its four-year estimates of revenue from superannuation taxes, as “overly large tax concessions” keep benefiting the richest retirees.
- Hannah Wootton
