Commercial property woes re-shaping super portfolios

Asset owners are under pressure over their commercial property holdings, as they write down valuations and face headwinds including poor income growth, liquidity squeeze for portfolio managers and growing ESG risk.

Active Super sued over ESG, Russia divestment claims

ASIC deputy chair Sarah Court says “competition among super funds for new members” inspired allegedly misleading claims by Active Super about its exposure to tobacco, fossil fuel and Russia-domiciled investments. The regulator has commenced legal proceedings against the fund formerly known as Local Government Super as part of its crackdown on greenwashing.

Super for housing ‘core’ to Coalition platform

The federal opposition has doubled down on its controversial policy to allow consumers to access their retirement savings to purchase residential real estate, while simultaneously arguing super should be protected and preserved.

Get serious on retirement or move members to rivals: APRA

Sharing the stage with ASIC at the Conexus Financial Retirement Conference, APRA has maintained its hardline stance after lashing superannuation trustees only weeks ago for not fulfilling their obligations under the Retirement Income Covenant. The message is clear: shape up or move members to somewhere else that can effectively service retirement needs.