Bragg demands answers from super funds over US summit costs, compliance
Senator Andrew Bragg has pressed funds that attended the super summit in the US, demanding answers on costs, compliance with their best financial interests duty, and the decision-making process behind their participation.
Data shows persistent gender pay gap in financial, insurance industry
Despite being considered a “gender-balanced” industry, a new outlook on the gender pay gap in Australia has flagged the ongoing challenges in pay equity in financial and insurance services.
AUTHOR
Jessica Penny
Treasury says ‘we’re testing a hypothesis’ in reference to confidential document
A top Treasury official has shed light on the confidential document that circulated among funds this month, telling Senate estimates Treasury is “testing a hypothesis”.
Inaugural super summit reaffirms Australia’s ‘envy of the world’ system
Australia and its 30-year-old super system will be an “essential contributor to US prosperity”, the Treasurer has said.
AUTHOR
Jessica Penny
Senator challenges ASIC's decision to seek lower fine for AustralianSuper
During Senate estimates, it was insinuated that if AustralianSuper had been a retail fund, it would have faced a much larger fine.
Future Fund adds experienced director to board
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
AUTHOR
Jessica Penny
Super assets grow 2% in December quarter
Just months after exceeding $4 trillion in assets, Australia’s super industry continues to grow at pace.
AUTHOR
Jessica Penny
Australia’s retirement system earns US praise
The US administration has reportedly been impressed by Australia’s super system after super fund leaders attended a high-level summit in New York to secure top-tier investment opportunities.
Industry says further disclosure, not overregulation, needed in private markets
The consensus among alternative investment managers and the broader industry is that an added regulatory impost would stifle returns in private markets.
RBA’s rate cut outlook uncertain despite ‘good news’ CPI print
While some see Wednesday’s monthly CPI report as “good news” for the RBA, others don’t expect additional rate cuts in coming months.
AUTHOR
Jessica Penny
