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The inquiry into common ownership has given us that rarest of things: a moment of bipartisan stupidity. There are so many wonderful ways to waste taxpayer money. You can use it to pay for business-class flights to Canberra, or Craig Kelly-style political stunts, or even give it away to profitable multinational corporations in the middle…
The new inquiry into common ownership wants to find evidence of collusion between super funds. But it appears to be the quintessential storm in a teacup. The standing committee on economics’ inquiry into the implications of common ownership and capital concentration in Australia has supposed a problem and now faces the difficult task of finding…
In his final speech to the Australian Council of Superannuation Investors (ACSI), Ian Silk defended the organisation against all comers. But the Morrison Government is unlikely to relent. “To be prudent stewards of capital and to act in their members’ best interests, investors must remain focused on ESG issues in their portfolios,” Ian Silk said…
The Standing Committee on Economics is launching a new inquiry into big super. Not everybody is happy about it. Compulsory viewing for many professionals and reporters, the Standing Committee on Economics is infamous for its hardball interrogations of Australia’s biggest institutional investors, and the announcement of a new inquiry will likely have some stakeholders tearing…
The collapse of an investee company has seen IFM hauled before the standing committee on economics. The bigger issue is how a fund manager keeps commercial matters confidential in Parliament. The hot topic at Thursday’s (29 July) hearing of the standing committee on economics was Tandem, a workplace contractor and IFM investee that has now…
Trustees need to be wary of seeing everything through the lens of super, according to Chant West’s Ian Fryer. Engaging with controversial ideas around its uses can be a boon for member outcomes. As the big banks and their superannuation products copped a hiding in the Hayne royal commission , the rivers of gold correspondingly…