‘Tribalism’ in super preventing sensible reform: Coates

Australia’s superannuation industry is “very tribal” and this is getting in the way of sensible and nuanced discussion of reforms, argued Brendan Coates from the Grattan Institute in a debate with SDA national assistant secretary Julia Fox.

Smart ESG investing means engaging not divesting: Mercer’s Willment

Responsible investing is not about divesting companies with poor ESG ratings according to Mercer’s Kylie Willment, it’s about engaging for change and intervening by using shareholder votes if necessary.

Weighing the importance of ‘financial’ in best financial interest duty

Vice Chancellor Robert Megarry was cautious not to go so far as to suggest that the best interests of beneficiaries were always financial interests in his foundational judgement for trustees, even when the purpose of the trust was to provide financial benefits, Jonathan Steffanoni explores.

Investment managers push back against funds’ lofty climate commitments

While super funds are enacting greater disclosures and driving change around climate risk, some investment managers are still dragging the chain, according to activist lawyer David Barnden.