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Industry figures say the super industry is grappling with conflicting expectations on its role in core issues like financial literacy, infrastructure development and helping young people buy housing.
Rest has reduced its asset-based administration fee and expanded its responsible investment mandate to include a carbon reduction tilt that will cover its Australian equity portfolio.
The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average.
Billionaire Oleg Deripaska owns a 20 per cent stake in Australian aluminium company Queensland Alumina Limited through his company, Rusal.
Billionaire Oleg Deripaska owns a 20 per cent stake in Australian aluminium company Queensland Alumina Limited through his company, Rusal.