Thu, 9th May 2024

In this week's superannuation news, potential family law reforms concerning the splitting of pensions during divorces, underscored by the Association of Superannuation Funds of Australia (ASFA), have drawn attention from pension funds across the nation. ASFA advocates for an initial and confidential government briefing on these changes and a minimum 12-month adjustment period. Major Australian superannation firms like the Australian Retirement Trust, Aware Super, HESTA, and UniSuper, are moving towards sustainability by divesting from coal investments. They are aligning with global climate norms and seeking to reach net-zero emissions by 2050. Additionally, Qantas Super, in partnership with GO.FARM, intends to invest $200 million to transform the southeastern Australian landscape into a sustainable horticulture powerhouse. Tune in next week for more superannuation updates.n