Newsmakers
Australian Retirement Trust Chairman to Retire
Andrew Fraser intends to retire at the superannuation fund’s annual member meeting on November 20, at which point a successor will be named.
Tag: Australian Retirement Trust
Pensions
Cybercriminals Attack Major Australian Super Funds
AustralianSuper reported 600 members’ passwords were stolen and money was taken from four accounts.
Asset Allocation
Equity Bull Market Buoys Australian Super Funds’ 2024 Returns
The calendar year saw double-digit returns based on Australian and global stock performance, ASFA reports.
Alternatives
Family Office, KKR Buy Up Regional Australian Airports
The acquisition of the four properties of Queensland Airports from Australian funds is expected to close this year.
Pensions
Qantas Super, Australian Retirement Trust Plan Merger
The combination would give Qantas members access to a broader choice of investment options and enhanced member support and services, including digital and education tools, per Qantas.
Asset Allocation
$185 Billion Australian Retirement Trust Plans Thermal Coal Divestments
The fund will divest from companies who generate more than 10% of their revenue from coal production.
Newsmakers
Three Australian Funds Merge to Create the Country’s Second-Largest Retirement Fund
Officials hope that the mergers will reduce management fees and increase retiree benefits.