Yesterday
UK pension fund crisis shows super risk to markets in Australia: RBA
It is the third time in as many months that Australia’s mammoth superannuation sector has been labelled a risk to the financial system.
- Hannah Wootton
This Month
Taxing fossil fuels better than Future Made in Australia, Ken Henry says
The proposal backs a similar fossil fuel export tax on commodities such as coal and gas put forward by former Hawke Labor government advisers Ross Garnaut and Rod Sims.
- John Kehoe
Superannuation start-up pays big for Swans, Hawks footy sponsorships
Superhero’s deals with the clubs come as the prudential watchdog cracks down on such spending by super funds.
- Hannah Wootton
October
Super funds fork out $423m in marketing blitz
Superannuation funds spent millions of members’ retirement savings on marketing, including sponsorships of AFL and NRL clubs.
- Hannah Wootton
- Opinion
- Chanticleer
The next big threat to our $4 trillion super sector might lie within
Former treasurer and CBUS chairman Wayne Swan is far from finished fighting the superannuation wars. But he also sees another risk to the sector’s stability.
- James Thomson
- Opinion
- The AFR View
Lack of advice remains super system’s diminished return
For three decades the super system has been focused on building up assets for members. Less so on creating the infrastructure to service customers in retirement.
- The AFR View
Cbus’ staff turnover, governance ring alarm bells, says Morningstar
Senior personnel departures at the superannuation fund point to potential cultural problems, according to the research house.
- Hannah Wootton
- Opinion
- Superannuation
The super system has to brace itself for a tsunami of retirees
Are trustees doing enough to prepare and provide the information, resources, transparency, services and support that retirees expect?
- Simone Constant
Super funds told bigger must be better for customers, too
The $3.9 trillion sector needs to start making good on its promise that scale would lead to better customer service and financial outcomes for members, ASIC says.
- Hannah Wootton
- Exclusive
- Governance
Big super pushes boards on culture after WiseTech, MinRes dramas
Industry superannuation funds are ramping up their focus on the culture of the companies they invest in as scandals wipe billions off corporate valuations.
- Updated
- Fiona Buffini and Hannah Wootton
APRA to ‘test the limits’ of law on super funds that fudge expenses
The warning is part of a broad crackdown on funds’ spending big on things that may not be in their members’ best financial interests, such as travel and entertainment.
- Hannah Wootton
A man tried to claim his wife’s chores on tax – it did not end well
A long list of claims by an IT professional prone to “embellishment” included $11,420 for home-office cleaning and document management by his wife.
- Joanna Mather
Super bosses warned on travel and entertainment spending
APRA says it has observed questionable expenditure by funds where the benefit to members was not immediately apparent.
- Hannah Wootton
- Opinion
- Tax reform
How can it be right to pay tax on something you never had?
The plan to tax paper gains in superannuation funds will harm savers and damage the economy.
- Geoff Wilson
Big super’s obsession with data centres comes with an energy warning
AustralianSuper poured $2.2 billion into a US data centre company this week, but ESG experts warn the energy-hungry assets could compromise net zero targets.
- Hannah Wootton
- Sponsored
- Allianz
How much is enough? Guaranteeing an income in retirement
Living a comfortable lifestyle in retirement is a priority for all Australians.
Sponsored
by Allianz
Big super’s executive gender pay gap revealed
Analysis by The Australian Financial Review also shows who the highest-paid superannuation bosses were last year.
- Hannah Wootton
‘No excuse’: ASIC seeks $27m fine against super giant for customer care fail
The corporate watchdog asked the Federal Court for a penalty with “real sting and burden” against AustralianSuper as a warning to the wider sector.
- Hannah Wootton
- Opinion
- Super wars
Union and employer boards make industry funds so successful
Industry super funds achieve strong performances precisely because of the equal representation on their boards – not despite it.
- Garry Weaven
Revealed: Which super fund directors earn the most
Payments to directors at one fund outstripped those of comparable size by more than half a million dollars, despite delivering worse returns than most of their rivals, analysis by AFR Weekend shows.
- Hannah Wootton
