Local Government Super has again claimed primacy in the sustainability sector, after being awarded the SuperRatings Infinity Award for a second year in row.
The Infinity Award is intended to recognise superannuation funds deemed to be leading the industry in sustainable behaviour by practicing responsible investment principles and communicating these to their members.
Commenting on the award, Local Government Super chief executive Peter Lambert said he was pleased the fund's approach was continuing to be recognised.
"Our commitment of over $3 billion invested in responsible investment strategies across Australian shares, international shares, property and the absolute return and private equity asset classes is by far the largest commitment of any Australian super fund," he said.
Lambert said the fund had also undertaken extensive environmental retrofitting of its direct property portfolio.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.