REST

Policy and Regulation

How funds foot penalties and remediation still not clear

Even in cases where remediation programs have begun or actions have been taken and where remediation is possible, regulators and government remain unclear about how trustees can direct funds to pay without impacting member balances, a House or Reps committee has heard.

Matthew SmithMarch 29, 2021

Regulation

REST and Statewide actions put super industry on notice

ASIC’s new super enforcement and surveillance remit includes a focus on trustee competence and oversight that has led the regulator to investigate a “pocket of trustees” it believes is involved in misconduct, Karen Chester has revealed.

Matthew SmithMarch 10, 2021

CIO profiles

Climate top of mind for superannuants in 2021: Macri

The stage is set for a greater focus on climate this year, particularly in light of the election of US President Joe Biden and the control of the US Senate falling with the Democratic party, Australian Ethical's David Macri says.

Matthew SmithJanuary 20, 2021

ESG

No time to rest after climate risk test

The settlement of a recent case brought by a member of Rest Super Fund against the trustee is an important reminder of the importance for long term fiduciary investors to pay attention to climate and other ESG related risks to investments.

Jonathan SteffanoniDecember 7, 2020

Policy and Regulation

Hume denies tax hike on super

Assistant superannuation minister Jane Hume said the government had no plans to raise tax on super to help pay for its giant stimulus package. Retirement experts don't believe her.

Elizabeth FryMay 6, 2020

Industry View

Reality bites for super’s long-term theory

The superannuation industry’s knee-jerk response to every problem, including now a deadly pandemic and another economic crisis, is to tell members to stay invested and focus on the long term.

Wade MattersonApril 8, 2020

Investment Strategy

Liquidity shock a wake-up call for boards

The superannuation industry's preoccupation with league tables and heat maps has allowed illiquid assets to build up in portfolios, according to one industry veteran.

Sarah JonesApril 6, 2020

Retirement Conference 2020

Super fund cohorts seen as systemic risk

The federal government has identified membership cohorts within industry funds as a new systemic risk for Australia’s $3 trillion superannuation industry.

Sarah JonesApril 1, 2020

<1of7>