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AustralianSuper off-loads WiseTech stake amid scandal
Australia’s largest super fund, AustralianSuper, has divested its stake in WiseTech Global, citing concerns over the company’s governance and management, which failed to meet the fund’s expectations.
AUTHOR
Jessica Penny
Super sector welcomes stability but flags missed opportunities
While the superannuation sector has welcomed stability in super settings, statements following Tuesday’s budget announcement indicate there are areas the sector believes the budget fell short.
AUTHOR
Maja Garaca Djurdjevic
Labor’s election pitch: Tax cuts, defence spending, and long-term productivity
Treasurer Jim Chalmers' fourth budget revealed a $207 billion fiscal turnaround, with tax receipts, superannuation revenue, and debt reduction playing key roles.
AUTHOR
Maja Garaca Djurdjevic
Budget to spark pre-election ‘spendathon’
The federal budget being delivered tonight is shaping up to be a “spendathon ahead of the election”, according to AMP’s Shane Oliver, with much of the new spending already announced and likely to be matched by the Coalition.
AUTHOR
Maja Garaca Djurdjevic
Investment and policy backing drive China’s tech ambitions
China’s technology sector is emerging as a powerhouse, with renewed investment and policy support propelling it to compete with global leaders.
AUTHOR
Jessica Penny
Super funds ramp up offshore equities, raising contagion concerns
Australia’s rapidly expanding superannuation sector is shifting its investment strategy, with fresh data revealing a significant increase in offshore equity allocations.
AUTHOR
Maja Garaca Djurdjevic
AMP denies surveillance allegations as union raises concerns over new contracts
AMP has denied reports that its new employment contracts grant the company the ability to conduct continuous video surveillance on staff, including when they work from home.
AUTHOR
Maja Garaca Djurdjevic
SQM places private credit on watch amid mounting risks
SQM Research has placed the private credit sector on watch amid growing concerns over governance and transparency issues, as well as recent regulatory scrutiny from ASIC and APRA.
AUTHOR
Keith Ford
Super-funded advice fees get clarity in latest government reforms
The Albanese government has rolled out the next tranche of its advice reforms, setting rules for super-funded advice fees and allowing targeted prompts to boost member engagement.
AUTHOR
Maja Garaca Djurdjevic
Funds merge to form $22bn entity
Mine Super and TWUSUPER have announced the successful completion of the final stage of their merger, officially forming the new entity, Team Super.
AUTHOR
Jessica Penny
