Aussies keen for super to invest responsibly

10 March 2022
| By Laura Dew |
image
image
expand image

Out of all financial products, investors are most keen that their superannuation is invested responsibly, according to the Responsible Investment Association Australasia (RIAA). 

In its From Value to Riches report which surveyed over 1,000 Australians, the association said 70% of investors wanted their super invested responsibly compared to 54% who wanted their savings account to do so. 

This was even higher for millennials with 81% wanting their superannuation to support environmental and social goals, compared to 60% of Baby Boomers, and 78% of millennials wanting to know how their super fund would vote at meetings compared to 61% of Baby Boomers. 

However, Australians were more trusting of their super provider to deliver on their responsible investment promises as 70% believed their super fund had a positive impact if it claimed to do so and 74% believed ethical and responsible super funds had a positive impact. They also believed a responsible super fund was more likely to perform better in the long term. 

The most important factor investors cared about was renewable energy and efficiency, healthcare and public health and sustainable water management while they wanted investments associated with animal cruelty, human rights abuses and animal testing to be excluded. 

But, if they did want to change to a more responsible super fund, the report identified six factors which held them back from doing so. These were lack of independent information, lack of credible options, lack of time, cost, difficulty in switching and lack of money in super. 

Graphical user interface, table</p>
<p>Description automatically generated

Source: RIAA

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

5 months 4 weeks ago
Kevin Gorman

Super director remuneration ...

6 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

6 months ago

While many investors were burned by property markets over the last few years, super fund executives say there are still gains to be made through thoughtful allocations to...

18 hours ago

The fund confirmed the change in its executive team will commence in the new financial year. ...

23 hours 34 minutes ago

The Reserve Bank of Australia is broadly expected to hold its key policy rate this week for the fifth consecutive meeting....

1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND