The industry fund has upped its investment in start-ups, helping to unlock the benefits of innovation and emerging technologies.
Super Review understands the Division 296 legislation could be on the chopping block, with Labor said to be struggling to secure support ahead of the final sitting week of the year.
Deloitte Access Economics has raised concerns about the government’s recent changes to the Future Fund’s investment mandate, questioning the necessity and implications of the reforms.
The APRA chair has confirmed the need to build resistance to geopolitical shocks as opposed to shying away from global participation.
An industry body has praised the strong backing from institutional investors for Australia’s transition to renewable energy.
Westpac has delayed its rate cut forecast, aligning with its peer NAB’s outlook on the likely trajectory for the Reserve Bank of Australia’s cash rate.
The government’s adjustment to the Future Fund’s mandate could set a dangerous precedent, warns an economist, raising concerns that it may pave the way for problematic future policies in the superannuation industry.
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.