Senator Andrew Bragg has doubled down on super funds regarding their contributions to unions and how they are handling regulatory fines, emphasising that they appear to be “working hard for unions, not people”.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The CEO of Cbus has defended the fund’s relationship with the CFMEU.
The head of Australia’s Future Fund has sounded a note of caution over the lucrative yet risky “Trump trade”, as US policies boost growth, but ramp up political and regulatory risks.
The $89 billion fund has announced a new leadership role within its private markets team.
Super Review understands that Cbus will be appearing at tomorrow’s Senate economics committee hearing.
Despite strong superannuation returns at the start of the financial year, super funds could be in for a rockier ride ahead with volatility expected to increase.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
ASIC has filed documents in the Federal Court, formally launching legal proceedings against Cbus.
The RBA governor has warned that Australia’s super funds, despite holding stable assets, could amplify market stress if forced to liquidate in response to sudden liquidity demands.