Treasurer Jim Chalmers has handed down his second Budget, confirming the introduction of a 30 per cent tax rate for $3m super balances but lacking any mention of super payments on paid parental leave.
Redefining the purpose of superannuation and revising the concessional tax rate are among the key themes of this evening’s federal budget announcement.
There are concerns that updated proposals to the Your Future, Your Super performance test will fail to improve the situation for ethical or ESG funds, especially if niche Choice funds are added to the test.
Australia’s 30 largest super funds reportedly increased their investment exposure to ‘climate-wrecking’ fossil fuel companies to over $34 billion in the past year, according to Market Forces research.
Australia’s superannuation funds, investment managers, and custodians are growing increasingly concerned about finding a home for $3.4 trillion of members' money.
The not-for-profit organisation has moved to a new strategic direction of taking meaningful action on mental health as it makes two board hires from Australian Retirement Trust and AustralianSuper.
The $115 billion superannuation fund has secured a 5 per cent indirect stake in mobile towers business Vantage Towers in a $1 billion deal.
A new study conducted by Vanguard has revealed that Australians with a clear retirement plan have the hi
Australia’s seven largest super funds have marched further ahead of the pack, with their smaller competitors impacted by market volatility, according to new KPMG analysis.
Super fund leaders have commended the government’s ambition for change and shared how they balance the various ESG concerns of their members.