Yesterday
- Exclusive
- Shopping centres
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
- Campbell Kwan
Greens the worst political performers of 2024: AFR readers
The Greens have been judged the worst-performing party by readers of The Australian Financial Review, who criticised its MPs for obstructing parliament.
- Tom Rabe
This Month
Want out of Cbus? Here’s how to pick a good super fund
Cbus, the industry super fund chaired by former Labor Treasurer Wayne Swan, has been in the headlines for all the wrong reasons. If you’re thinking about running for the exits, here are some key considerations and options.
- Michelle Bowes
Victoria’s asset sale; MinRes’ gag request; Wesfarmers’ rates alert
Read everything that’s happened in the news so far today.
Big super reckoning: what the Cbus woes mean for industry funds
This week on The Fin podcast, James Thomson and Hannah Wootton on the case against the firm, what it means for industry funds and why the “super wars” are back.
Wayne Swan’s Cbus testimony an unexploded bomb
A discrepancy has now emerged between Wayne Swan’s (very) recent Senate testimony and the findings of a review dated two days before his appearance.
- Myriam Robin
Cbus’ Swan has ‘serious questions’ to answer: Coalition
Fundamental transparency and accountability failings at the industry super fund may yet claim the scalp of its chairman.
- Michelle Bowes, Joanna Mather and Lucy Dean
‘Failings’ in Cbus’ best financial interests duty: Deloitte
The independent review has slammed the Cbus board’s lack of compliance with the best financial interests duty test.
- Updated
- Michelle Bowes
- Opinion
- Chanticleer
Super sector’s problems are much bigger than Cbus
The damning review of governance at CBUS shows while industry funds have led the way in gathering and growing assets, they now need to play governance catch-up.
- James Thomson
How Cbus’ big party year went horribly wrong
It’s not the biggest or the worst performing of the super funds. So why has Cbus become the poster child for the $4 trillion sector’s problems?
- Hannah Wootton
- Exclusive
- Superannuation
How big super is spending your money on sponsorship and marketing
Jumps in advertising spends at industry giants such as Aware Super and UniSuper came despite a crackdown by the watchdog questioning whether these costs are in members’ best interests.
- Hannah Wootton
- Opinion
- Superannuation
Super funds should be governed like banks
Wayne Swan’s defence of the appointment of CFMEU-linked trustees to the Cbus board shows why APRA should be able to remove directors who do not meet the criteria.
- Helen Bird
November
Crumlin had ‘extensive experience’ in super before getting Cbus job
Construction industry super fund chairman Wayne Swan has defended CFMEU-appointee Paddy Crumlin’s suitability to help oversee its $94 billion in retirement savings.
- Hannah Wootton
Swan apologises for Cbus; Chalmers’ RBA odds; Praise for stock pickers
Read everything that’s happened in the news so far today.
Cbus’ punted CFMEU directors are back on payroll
Charity only goes so far: what the CFMEU’s old head kickers really need is a job. Rita Mallia may be the first to secure one.
- Myriam Robin
Labor’s super tax plan felled by an aversion to simplicity
Readers’ letters on the fate of the superannuation tax; bitcoin fallacies; Victoria’s gift to the nation: governance at Cbus; the electricity market; advice from F1 drivers; and a Labor MP’s extinction pledge.
- Opinion
- Superannuation
Unlisted assets mask awkward questions about super governance
We need to be sure that on valuations, trustees are not conducting some tick-a-box exercise and playing with the retirement savings of members.
- Richard Holden
Wayne Swan caves to Senate demands over Cbus scandal
The former Labor treasurer and Cbus chairman had refused to appear at a Senate committee hearing until he was threatened with compulsion.
- Hannah Wootton
Senate demands answers from Wayne Swan on Cbus scandal
It comes as Cbus faces a reckoning over its customer service and governance and after the fund tried to dodge earlier requests to appear before the Senate.
- Hannah Wootton
Big Super’s reckoning has arrived
After 32 years of guaranteed inflows from workers and scant scrutiny, the $3.9 trillion industry faces customer fury over service, unclear investment practices and questionable governance.
- Hannah Wootton
