Equipsuper has joined the Australian Council of Superannuation Investors (ACSI), bringing its number of members to 39.
Equip chief executive, Nicholas Vamvakis, said that the membership would provide the funds with broader information and perspectives on investment sustainability.
“We are impressed that ACSI has also shown consistent leadership in active engagement with companies to advocate for sustainable governance and management practices that will benefit fund members,” he said.
ACSI chief executive, Louise Davidson, welcomed Equipsuper’s move, saying that the Council’s growth would improve its ability to achieve improvements in environmental, social and governance practices as collective action had proven to be “extremely effective” at holding companies to account.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.