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Geoff Summerhayes, former APRA executive, concedes that while the short-term nature of the Your Future Your Super (YFYS) test is a “challenge” for ESG investment, climate change is a mega-trend that demands more attention. One of the main frustrations around the YFYS performance test has been that climate change does not occur on a regimented…
The merger between Media Super and Cbus has been delayed until the first half of next year due to several factors demonstrating the complexity of these transactions. In its first communication on the merger with its members since the December 2020 announcement, Media Super sent a note to them last week (September 1) advising them…
Liberal senator Andrew Bragg believes the Future Fund should be made Australia’s default superannuation fund. But national superannuation is a political minefield. In conversation with Simon Cowan, research director at the Centre for Independent Studies, Bragg called compulsory superannuation a “fundamentally illiberal, paternalistic policy” and said that the Australian government should “take its responsibilities more…