ASIC sues Active Super over Russia, coal holdings
The fund marketed itself as responsible, but held gambling, tobacco and Russian stocks, ASIC alleges.
Source: afr.com
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Active Super to face action over greenwashing
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members.
Source: financialstandard.com.au
Australia's watchdog sues second pension fund for greenwashing
Active Super is accused of misleading customers about barring investments on ethical grounds. Read more at straitstimes.com.
Source: straitstimes.com
Which super fund has fallen foul of ASIC's greenwashing crackdown?
The corporate regulator has commenced its third civil penalty proceedings for alleged greenwashing with the superannuation fund holding investments in Russia when it had listed it as an excluded country.
Source: moneymanagement.com.au
The top 10 super funds of the last 10 years
Comprising both small and mega super funds, these 10 growth funds have managed to deliver returns over 7.5 per cent per annum consistently for the last decade, according to Chant West.
Source: moneymanagement.com.au