AUSTRAC identified higher than anticipated risks of fraud, cybercrime and terrorism financing in the superannuation sector, and has assessed the overall risk of ML/TF activity as medium. This report aims to develop awareness in the sector of these risks and help harden APRA-regulated superannuation funds against criminal activity. This risk assessment is intended to provide...

This report highlights Australia’s not-for-profit industry super funds are effectively leveraging the scale and long-term investment horizon to invest in real economy assets which have been the foundation of superior member returns.

The Centre for International Finance and Regulation (CIFR) welcomes the opportunity to provide input to the Productivity Commission inquiry into alternative default models for the superannuation industry. This submission makes a few points, but they are vital: 1. The entity that has the responsibility for selecting and monitoring the default provider should be the prime...

One of Australia's biggest power distribution networks, Ausgrid, has been sold after a contentious process that revived debates about foreign ownership. Australian companies IFM Investors and AustralianSuper are the new owners of 50% of the power network. Chief executive of IFM Investors, Brett Himbury, says the IFM/AustralianSuper bid is a fantastic outcome for superannuants and...

Self-managed superannuation funds (SMSFs) – small retirement savings funds with four or fewer members – now manage almost one third of retirement savings in Australia, and serve over one million members. The number of SMSFs has increased to more than half a million in two decades. Yet little is known about the reasons people start...