Senator Andrew Bragg has escalated criticism of Labor and Cbus, accusing the government of favouring large super funds over Australians.
Members of the university sector superannuation fund are raising concerns about the operations of one of its major holdings.
Super funds and industry bodies are calling for swift legislation of the landmark reform amid the bill’s introduction to Parliament today.
Speaking to Super Review, the $70 billion fund has unveiled its new solution to address the ‘cognitive load’ of retirement as members enter their golden years.
Senator Andrew Bragg has introduced a bill to prohibit Cbus from any involvement in the Housing Australia Future Fund.
The Coalition says it will introduce a bill today to prohibit Cbus from any involvement in the Housing Australia Future Fund.
The fund is set to close six investment options, among other key changes.
Bernard Reilly, former CEO of Australian Retirement Trust, has joined an asset manager as its new CEO.
A significant sell-off in August raised concerns about its impact on retirement savings; however, an economist has reminded that investing in both markets and super is a long-term investment.
In Super Review’s new series, HESTA’s Dianne Sandoval explains where the fund is finding innovative opportunities for impact, while also taking advantage of any short-term volatility.