Equipsuper joins Clean Energy Council
The multi-sector super fund Equipsuper has announced it has joined the Clean Energy Council (CEC) to get a better understanding of the energy sector.
The fund, which manages assets of over $14 billion for over 75,000 members and their employers, said that many of its existing employers were CEC members therefore its ‘active involvement’ would provide a platform to build awareness among new entrants.
Equip’s executive officer, strategic marketing and communications, Geoff Brooks said: “Investment in the renewables sector is now in full swing.”
“As the preferred fund for many in the sector, we have not only keep communications channels between Equip and our stakeholders transparent and frequent, but also engage at an industry level through organisations like the CECC to gain that vital helicopter.”
The fund also said it decided not to divest of fossil fuel investments as many of its major participating employers with existing assets in fossil fuel generations and resources were also among the leaders in Australian investment in renewable energy.
“There is no doubt the transition to more sustainable forms of power generation now has significant momentum and we are fully supportive of an orderly transition that takes into account impact on employment, communities and maintenance of power supply, as well as on climate and environment,” Brooks said.
Recommended for you
The industry super fund has been ordered to pay $23.5 million after systemic failures caused extensive delays for thousands of insurance claimants.
A new report from the prudential regulator has revealed super funds can act as both a stabilising force and an amplifier of shocks in an interconnected economy.
CFS has expanded usage of its digital advice product to members of its employer super and FirstChoice super accounts.
Superannuation funds are expanding their activities in the advice space and a leading recruitment firm has shared the typical salaries on offer with three funds namechecked for their attractive offerings.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
