Page 11 - Ian Patrick News Today

The long awaited merger between the two Australian super funds, QSuper and Sunsuper, came into force on February 28, creating Australia’s second largest super fund. The newly formed A$220 billion Australian Retirement Trust is aiming to double its size by the end of the decade, according to CEO Bernard Reilly.

Australia’s second biggest super fund says it had instructed its investment managers earlier this week to sell Russian debt and equity investments. The $230 billion Australian Retirement Trust ha

Superannuation funds have been told they will not face regulatory action if they seek to divest Russian assets, although the closure of the Russian stock market is making it difficult for them to exit assets quickly.

Australia’s second biggest super fund says it had instructed its investment managers earlier this week to sell Russian debt and equity investments. The $230 billion Australian Retirement fund has j

Australian superannuation funds are divesting away from Russian assets with support from the federal government. “The Morrison Government ...

Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia.

The $230bn fund with 2 million members says it instructed investment managers ‘earlier this week’ to sell Russian shares

Treasurer Josh Frydenberg said the government had a ‘strong expectation’ that superannuation funds take steps to dump their Russian assets.

Superannuation funds have been told they will not face regulatory action if they seek to divest Russian assets, although the closure of the Russian stock market is making it difficult for them to exit assets quickly.

This is Business Insider Australia's morning newsletter for Friday, March 4.