CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.

The shadow financial services minister has confirmed Labor’s retreat from the proposed $3 million super tax, describing the legislation as flawed.

Australia’s superannuation industry has reported over $2.6 trillion in total assets as at June 2025, with MySuper and Choice products showing market dominance.

Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.

The Future Fund posted a $27.4 billion increase in value to $252.3 billion, driven by strong equity markets, resilient private market investments, and strategic portfolio shifts to anticipate changing global trading conditions.

The fund has introduced new portal features for advisers, streamlining administration and enabling quicker, more convenient client authorisations online.

APRA-regulated funds have reportedly raised concerns with the government over Division 296, as news of potential policy tweaks makes headlines.

The CEO of one of Australia’s largest super funds says his outfit has become an expert at rolling with regulatory punches, but warned government interference in investment decisions would be a disaster for members.

A private member’s bill to allow for the splitting of super balances between spouses was introduced to the Senate on Thursday.

With the latest print of GDP figures overshooting economist expectations, analysts have warned that the Reserve Bank of Australia (RBA) could face a difficult policy path ahead.