Today
- Opinion
- Chanticleer
CFMEU scandal should force rethink on super fund boards
Union-backed industry super funds have pushed hard to lift governance and accountability at public companies. Shouldn’t they want to improve their own governance, too?
- Updated
- James Thomson
APRA puts onus on Cbus to ensure CFMEU directors are fit, proper
Senators have called for the construction industry fund to cut ties with the CFMEU amid allegations of criminality at the union. The prudential regulator says it is up to superannuation fund boards.
- Hannah Wootton
Grow Inc raise upsized after strong demand; IPO on the horizon
A handful of new technology-focused investors will also join Grow’s register alongside venture capital funds AirTree and Five V Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
ART closes in on AustralianSuper’s top spot with new merger
The deal will add Qantas’ $9 billion in funds under management to the Australian Retirement Trust’s ballooning $280 billion-plus asset pool.
- Hannah Wootton
Dexus poaches AustralianSuper’s infrastructure tsar Nik Kemp
It is the biggest hire so far by the company’s new chief executive, Ross Du Vernet, who took over the top post from long-serving Darren Steinberg this year.
- Nick Lenaghan
Top 10 super funds revealed for FY24
A small mining industry fund delivered the highest returns for the second year in a row, with two retail super giants joining it in first place.
- Hannah Wootton
Chief justice intervenes in tax plan for judges
Federal Court Chief Justice Debbie Mortimer has also banned judges using their travel allowance for conferences.
- Michael Pelly
- Opinion
- Opinion
Spending a few hours on this now will make you richer later
Work through these 11 steps to grow your superannuation faster.
- Colin Lewis
This Month
Super giant is ‘comfortable’ being among the worst funds for FY24
Industry super fund Hostplus’ annual return for its default product was among the lowest in the sector, but CIO Sam Sicilia says its long-term plan is solid.
- Hannah Wootton
- Exclusive
- Australian economy
Rod Carnegie’s seminal lunch with Paul Keating
Paul Keating reveals, for the first time, the pivotal conversation about the Australian economy with Rod Carnegie at lunch in Melbourne almost 50 years ago.
- Tony Boyd
Who are the highest paid ASX 200 CEOs?
New research shows that ASX 100 CEOs earn on average 50 times more than the average Australian adult.
- Hannah Wootton
No rate cuts and maybe a rise as inflation sticks, super funds warn
The investment chiefs of the country’s biggest funds also have a bleak outlook for Aussie shares over the next year, after global equities drove double-digit returns in FY23.
- Hannah Wootton
Can we put $2.9m from a property sale into super?
You can – but you must tick these boxes first.
- John Wasiliev
The $175b super fund that’s shopping for old London office blocks
With $11 billion in its property portfolio, Aware has been unafraid of going early and hard with a countercyclical strategy. And it means going global.
- Nick Lenaghan
Super fund savings will ride out ‘year of elections’: CIOs
But investment chiefs warn that the rise of populism or an increase in US-China tensions could flow through to short-term returns.
- Hannah Wootton
Grow Inc kicks off $60m Series D raise; Hitachi Ventures to anchor
The super admin provider, which caused a stir last year after it nabbed HESTA from rival Link, has tapped Highbury Partners to kick off a $60 million raise.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Nuclear energy
Too uncertain, too slow: funds rule out financing Dutton nuclear plan
The disinterest from superannuation funds comes despite appetite for other energy transition assets and a shortage of domestic investment opportunities.
- Hannah Wootton
Why Biden has investors worried | Super fund winners and losers | Predictions for the new financial year
This week on the Chanticleer podcast, Anthony Macdonald and special guests Tony Boyd and Hannah Wootton talk about the US, super and predictions for FY2024-25.
Time to buy into tech stocks has passed, says UniSuper
Soaring technology stocks helped increase the retirement savings of the fund’s customers last financial year, but it’s hitting the pause button on further investment.
- Hannah Wootton
- Opinion
- Chanticleer
Industry super has overcome its last frontier – retirees
Some of the biggest retail names – from AMP to MLC – have posted better returns than industry fund bigwigs this week. But they are coming from behind.
- Anthony Macdonald
