The financial services sector is set for significant transformation with superannuation to play a pivotal role in shaping the next frontier owing both to its large cash pool and Australia’s growing population of retirees.

Australia’s superannuation sector is set to come together this week for a major cyber security drill designed to strengthen collective resilience.

Australia’s economy is poised for a modest rebound in the June quarter driven by rising consumer spending, but some economists warn growth remains “fragile and unconvincing”.

The responsible investment body is warning that a one-size-fits-all ESG framework mirroring those in the UK and the EU could do more harm than good.

Australian super funds are monitoring the US closely as President Donald Trump increasingly intervenes in corporate policy, moves that are reverberating through global markets and prompting reassessments of portfolio risk.

Industry fund HESTA has filed an appeal against an ATO decision on tax offsets from franking credits, with the Australian Retirement Trust set to file a similar claim soon.

The industry fund has called on ASX 300 companies to strengthen priorities around resilience, climate, and gender, while itself facing criticism over fossil fuels.

The latest superannuation performance test results have shown improvements, but four in 10 trustee-directed products continue to exhibit “significant investment underperformance”, warns APRA.

A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.

The corporate regulator has launched civil proceedings against Equity Trustees over its inclusion of the Shield Master Fund on super platforms it hosted, but other trustees could also be in the firing line.