The superannuation industry has to accept that disunity is death and close ranks on key policy issues, according to the Association of Superannuation Funds of Australia (ASFA) independent chairman, Michael Easson.
Addressing the opening plenary of the ASFA annual conference on the Gold Coast, Easson warned that Governments of all stripes were only too ready to identify the minor differences which exist in the superannuation industry as a means of avoiding acting on some of the most important policy issues.
He said in these circumstances the various sectors of the superannuation industry had to come together to decide what was best for the industry in its totality.
Easson said that if the industry appeared to Government to be acting "like a bunch of headless chooks", the Government would treat it accordingly and play on its divisions.
He said that was why the industry needed to stop attacking itself and instead pursue a collaborative approach aimed at achieving dignity and adequacy in retirement.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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