POWERED BY MOMENTUM MEDIA
Anglican fund shuns fossil fuel
An Anglican superannuation fund is following the footsteps of AMP Capital, HESTA and Hunter Hall, announcing they are divesting from all fossil fuel investments.
Anglican National Super (ANS) made the announcement after similar moves from the Canberra and Perth Anglican Dioceses last week.
The Sydney Anglican Diocese super provider will be working with AMP to divest from fossil fuels.
"By actively supporting like-minded organisations and conventions around the world, and not investing in organisations which do not share and support our ideals, we are able to modify behaviour and influence corporate policy," Anglican National Super business relationship manager at AMP financial services Paul Willis said.
The Anglican Church of Australia supported the move at their General Synod in July, expressing regret that future generations will pay the price for the high dependence on carbon-based energy.
The national Synod urged each Anglican Diocese in Australia to review criteria for its investments, and think about eliminating fossil fuel industries from Diocesan investment portfolios.
In total, 47 religious institutions worldwide have pledged to divest from fossil fuels so far.
Recommended for you
APRA has imposed additional licence restrictions on NGS Super, which suffered a cyber attack in March this year.
Super funds feel under “enormous pressure” from the regulator to simultaneously cut member fees and meet new regulatory requirements with 48 different pieces of regulation seen in the past quarter.
The Super Members Council of Australia, the newly merged AIST and ISA body, has voiced its support for payday superannuation following the government’s consultation.
Superhero has announced three senior hires as it updates its superannuation offering with a wider investment range and member features.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Hills International
85.92 3 y p.a(%)
2
Acadian Global Equity Long Short Class A
33.38 3 y p.a(%)
3
Acadian Wholesale Global Eqty Long Short
33.02 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.66 3 y p.a(%)
5
Argonaut Natural Resources Ordiry Fully Paid Dis AUD
30.70 3 y p.a(%)
