Following the signing of a memorandum of understanding in December, the industry super funds have progressed to the next phase towards creating a nearly $20 billion combined fund.
Former Australian Super chair, Elana Rubin, has been appointed to the board of the Reserve Bank of Australia.
Super Review has collated the mergers and people moves in the superannuation industry in the first quarter of 2023.
According to Roy Morgan, gender differences in superannuation fund ownership and average balances have marginally closed over the last decade.
There are concerns investment approaches like screening and impact investing could result in tracking errors that inadvertently put sustainable and ethical funds on the back foot in the YFYS performance test.
David Bluff, a former partner and managing director of The Carlyle Group, is set to lead private equity at Future Fund.
Indexing the $3 million threshold and using actual earnings to calculate tax are among suggestions from associations to the Treasury super concession consultation, described as a “tax grab” in its current state.
New analysis has found the 15 largest funds are collectively investing at least $25 billion into opening new coal, oil, and gas projects despite commitments to tackling climate change.
The $115 billion super fund has appointed specialist asset manager, Revolution Asset Management, to oversee its private debt portfolio in Australia and New Zealand.
The first quarter wrapped up 9 per cent higher on financial product registrations than the five-year rolling average for the same period, with superannuation products leading the charge.