Despite new research suggesting that few superannuation fund members want to see their funds investing in sporting sponsorships, research conducted by Super Review, suggests fund executives and trustees are split on whether members should even be asked their views.
The research, sponsored by Pillar Administration and conducted during the recent Association of Superannuation Funds of Australia (ASFA) conference in Melbourne, found that a small majority of those surveyed believed funds should not even be required to consult members over sporting sponsorships.
The majority of the survey respondents identified themselves as being fund trustees or superannuation executives.
Asked whether superannuation funds should be required to seek member approval before entering into major sporting sponsorships, 42.2 per cent of respondents answered yes, while 54.9 per cent opposed the proposition.
However a majority of respondents did agree with the proposition that superannuation funds should be required to notify the Australian Prudential Regulation Authority (APRA) about major expenditures.
Over 90 finalists have been chosen to compete at the 36th annual Fund Manager of the Year Awards.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
Add new comment