Tue, 7th May 2024

In this week's superannuation news, pension funds sought advanced briefings on family law superannuation reforms regarding pension splits during divorces. The Association of Superannuation Funds of Australia (ASFA) urged for a mandatory 12-month adjustment period before implementing the new regulations. Also, top Australian retirement funds, including the Australian Retirement Trust, are divesting from thermal coal investments, paralleling the international shift toward greener energy. Qantas Super revealed a $200 million partnership with GO.FARM, aiming to transform southeastern Australian land into productive horticulture fields. Finally, amid economic pressures, an Equip Super study showed that 85% of Australians are spending less while two-thirds are increasing their super contributions.n