Your Future, Your Super regulations ‘highly problematic’ By Neil Griffiths 26 May 2021
The Australian Institute of Superannuation Trustees (AIST) has criticised draft regulations of the government’s Your Future, Your Super legislation as its passage through Parliament hangs in the balance, saying that the package will “cause more harm than good”.
In a submission to Treasury, the AIST said the legislation – which is currently before the House of Representatives – is too reliant on regulations and that the regulations themselves ignore issues impacting retirement outcomes of Australians.
“This leaves significant areas of uncertainty that make member outcomes unclear and implementation highly problematic,” AIST chief executive Eva Scheerlinck said.
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Report reveals ‘widespread appeal’ for ESG principles By Neil Griffiths 25 May 2021
Local research firm Investment Trends has revealed that 78 per cent of Australian investors currently adopt, or are considering adopting, ESG investing principles.
In its inaugural
ESG Investor Report released this week, the Sydney-based company revealed that the consideration of ESG factors is gaining “widespread appeal”, with subjects including climate change and environmental issues like renewable energy and reducing carbon emissions receiving a high level of support from investors. “In the wake of the pandemic, social movements like [Black Lives Matter] and ever-frequent environmental concerns like bushfires and droughts, Australians are closely examining how their actions impact the world around them,” Investment Trends’ head of research, Irene Guiamatsia, said.