Mon, 15th Apr 2024

In the latest Weekly Superannuation News Wrap, Paige Estritori discusses Rest, an Australian superannuation fund, investing in Fidelity International's LOGICs Fund for green infrastructure renovation in Western Europe, aimed at promoting sustainable growth and reducing carbon footprints. This initiative integrates solar technology, promising environmental impact and enhancing financial returns due to the demand for energy-efficient facilities. The investment aligns with Rest's objective to raise impact investments in their portfolio. The Financial Services Council (FSC) also suggests that superannuation funds reconsider guiding members' financial decisions while respecting their default outcomes. The FSC is pushing for clearer regulations on 'soft' and 'hard' nudges in communicating with super fund members, striving for member autonomy and upholding personal choice in retirement planning. Stay tuned for more superannuation updates on Financial Services Online.n