Equipsuper has joined the Australian Council of Superannuation Investors (ACSI), bringing its number of members to 39.
Equip chief executive, Nicholas Vamvakis, said that the membership would provide the funds with broader information and perspectives on investment sustainability.
“We are impressed that ACSI has also shown consistent leadership in active engagement with companies to advocate for sustainable governance and management practices that will benefit fund members,” he said.
ACSI chief executive, Louise Davidson, welcomed Equipsuper’s move, saying that the Council’s growth would improve its ability to achieve improvements in environmental, social and governance practices as collective action had proven to be “extremely effective” at holding companies to account.
Superannuation funds are expanding their activities in the advice space and a leading recruitment firm has shared the typical salaries on offer with three funds namechecked for their attractive offerings.
The council has urged government to avoid shifting ballooning CSLR costs onto 12 million low- and middle-income Australians.
Australia's superannuation success had built a substantial pool of retirement capital but it has created liquidity challenges as the system has outgrown the domestic market for investment opportunities, writes BNY's Otto Vaeisaenen.
Australia's largest super fund has announced its new chief financial officer as the fund prepares for its next phase of growth.