Deloitte proposes key improvements at Cbus
Cbus has publicly released Deloitte’s independent review of the fund, which found that while the directors met the fit and proper criteria, improvements need to be made to enhance transparency and rigour in assessing board skills and collective expertise.
ART on track for $500bn by 2030, says Morningstar
The country’s second-largest fund has a strong enough investment team to warrant continued conviction, a research house has said.
AUTHOR
Jessica Penny
Super funds failing to curb gas industry growth: Market Forces
New analysis has revealed that Australia’s largest super funds are “failing to use the power afforded to them” to rein in oil and gas expansion plans.
AUTHOR
Jessica Penny
TelstraSuper and Equip Super proceed with $60bn merger
The deal will create a combined fund with more than $60 billion in funds under management and over 225,000 members.
AUTHOR
Jessica Penny
Prime Super announces revamped leadership team
The retirement of two long-serving executives has presented an opportunity to consider operations and avenues for future growth, according to the fund.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Super complaints top 220,860 in 2023–24
In the financial year 2023–24, 4.7 million complaints were reported by financial firms of all types under the internal dispute resolution (IDR) data reporting framework.
AusSuper to hand out $4.2m for death benefit claim delays
The country’s largest super fund is set to compensate some 7,000 people who have been impacted by delayed handling times.
AUTHOR
Jessica Penny
ART collabs with property fund on $585m healthcare and life sciences hub
The Australian Retirement Trust (ART) and property fund manager ISPT have secured a 99-year lease with St John’s College within the University of Sydney to develop a $585 million healthcare and life sciences hub in Camperdown, Sydney.
Australia’s merger overhaul moves forward with Senate’s approval of sweeping reform
While merger parties are now set to face new mandatory notification requirements, the competition regulator has welcomed its expanded regulatory powers.
AUTHOR
Jessica Penny
Cbus chair defends CFMEU-nominated directors amid Senate scrutiny
The Cbus chair has maintained the fund’s directors satisfy necessary fit and proper tests, while also defending the board nominations made by the CFMEU.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
