Following news that APRA has commenced proceedings against a CFMEU-linked First Super director, members of the opposition have once again accused Labor of protecting “their union affiliated, industry super funds”.
In this Super Review Product Spotlight episode, host Maja Garaca Djurdjevic speaks with Ian Fryer, general manager at Chant West, to discuss the latest developments in superannuation.
The director, who is also a CFMEU official, has been accused of breaching a number of the covenants contained in the SIS Act.
Roundtables attended by 12 super CEOs, jointly hosted by ASIC and APRA, have shed light on key areas of discussion within the industry.
Allocations to credit, hedge funds, and equities contributed to a strong performance in the 2024 financial year, according to the sovereign wealth fund.
Australia’s slowest GDP growth in decades shows that government spending is more than compensating for the recession in the private sector.
Excluding the COVID-19 pandemic period, annual financial year economic growth was the lowest since 1991-92.
The strong result, it said, reflects deliberate efforts over the last few years to pivot portfolios for a changing investment environment and resurgence of geopolitical risks.
Insignia Financial has announced the appointment of an ex-ASIC commissioner to the board of its superannuation arm, before she takes over as chair in November.
The fund has announced an internal appointment to succeed Tim Barber, who is set to take up a new role at Marsh McLennan.