Thu, 25th Jul 2024

In this episode of the Weekly Superannuation News Wrap, Paige Estritori discusses key developments in the Australian superannuation sector. Major headlines include AustralianSuper and HESTA joining with Assemble and Super Housing Partnerships to boost affordable housing, capitalizing on large institutional investments and focusing on diverse housing needs. In green investment news, superannuation fund, REST, is dedicating AUD 112 million to the Delta fund which targets businesses aligned with the United Nations' Sustainable Development Goals and investing in Canadian renewable energy firm, LiftWerx. Despite political pressure, CFMEU-linked super fund, Cbus, sees continued growth. Spirit Super, managing AUD 30 billion, has turned to J.P. Morgan for custodianship and fund administration, a move reflecting increased reliance on global financial firms. More information is available at financialservicesonline.com.au.