The number of ‘trustees’ – the companies which govern super funds – is expected to total about 320 after the Registrable Superannuation Entity licensing deadline of June 30. This compares with 1,200 pre licensing.
APRA has pointed out that discussions at this month’s Conference of Major Superannuation Funds included this estimate as being the likely number of ‘funds’ to exist post licensing. The number of funds, most of which are sponsored by companies which have outsourced their trustee and other super functions, will actually be about 7,280. But this figure is also in decline – it compares with 9,500 pre licensing.
Carbon capture and storage (CCS) is being promoted by the mining lobby as one of the keys to a net zero economy. But should asset owners and managers be setting much store by what fossil fuel companies say on the matter, and is the campaign backed by science?
Russell BakerDecember 1, 2023
