The news comes just weeks after CFMEU-nominated directors left industry fund Cbus.
With ASIC intensifying its scrutiny of misleading sustainability claims, a legal expert has highlighted crucial lessons for super funds and fund managers to navigate this emerging regulatory challenge.
The Future Fund has announced a new structure for its investment team to better navigate the evolving investment landscape.
The Superannuation (Objective) Bill, which was to be finalised this week in the Senate, was sidelined on Tuesday (10 September), raising concerns in the industry that it will again be left languishing until the next election.
The Treasurer said that while he would rather not have to “come to an accommodation with the Greens”, the Coalition is forcing his hand.
The $87 billion fund is encouraging companies to put appropriate plans and targets in place to address risk and create long-term value.
Senator Andrew Bragg has criticised Labor after the party denied an inquiry into “the CFMEU/Cbus cartel” for a second time.
Investor risk appetite saw a modest pickup at the end of August after investors took a cautious stance at the beginning of the month, a global firm has found.
The strong market downturn in the first two weeks of the month has been followed by a swift recovery, according to SuperRatings.
New research has revealed a significant growth differential and rankings move between industry funds and government-related funds.