Fri, 26th Jul 2024

This week's superannuation industry news from Financial Services Online features major Australian funds, AustralianSuper and HESTA, bolstering their commitment to affordable housing through a collaboration with developer Assemble, to address the national housing crisis and provide risk-adjusted investment returns. Meanwhile, eco-conscious fund REST has pledged AUD$112 million to the Delta fund, managed by TowerBrook Capital Partners, focusing on sustainable businesses and renewable energy, including a co-investment in wind turbine technology firm LiftWerx. Despite controversy, Cbus maintains growth and diversity in its board, with mergers with EISS Super and Media Super, and continues engagement with members. Despite questions and probes into significant payments, Cbus shows resilience and continued commitment to its members.