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The Latest Breaking News from UniSuper

Is your ‘sustainable’ super funding fossil fuels or weapons? How to check the fine print

Many Australians don’t realise their superannuation savings – worth A$4.5 trillion and growing – may be invested in fossil fuel companies, gambling, or even weapons manufacturers.

The Conversation

Super funds urged to improve advice to help retirees

A major superannuation research company has found just six funds including ART, Hostplus and Unisuper do a good job advising members when they retire.

AAP

UniSuper accused of greenwashing after reducing environmental element of investment option

UniSuper says change was made ‘to expand the investible universe’ but complaint to Asic claims members were not properly informed

The Guardian - AU

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AustralianSuper divests more than $26m of shares in poker machine giant Aristocrat from socially aware option

Exclusive: The ‘highly significant’ decision comes after criticism of superannuation funds increasing their investment in the gambling industry

The Guardian - AU

Australia’s retirement savings are too big to invest at home – here’s why super funds are looking to the US

You might remember Pesto, the king penguin chick who became a star attraction at Melbourne Aquarium last year. Good food, good genes and a safe home let Pesto grow into a huge ball of brown fluff twice the size of his parents. Pesto became a local and international celebrity.

The Conversation

Unisuper members call for divestment in NT gas

Climate scientists and academics have called on UniSuper to uphold its climate commitments and denounce investment in the Beetaloo Basin.

AAP

Gas utility backs Beetaloo as part of energy transition

A group of shareholders is challenging Australia's biggest gas pipeline operator on climate disclosure, accusing APA Group of being in breach of commitments.

AAP

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Google Cloud snafu erases pension fund

The tech giant insisted it was not a "systemic issue."

Axios

Google Cloud has just knocked a load of customers offline for the second time this month

A bug in Google Cloud’s routine maintenance automation accidentally disrupted 33 services across around 40 locations.

TechRadar

Always keep backups: an 'unprecedented' Google Cloud debacle saw a $135 billion pension fund's entire account deleted and services knocked out for nearly two weeks

Thankfully, UniSuper kept backups for its backups.

PC Gamer

Afternoon Update: Labor’s gas plan labelled ‘morally bankrupt’; China accuses Australia of ‘spying’; and Trump’s son’s new role

Strategy argues fossil fuel is an important part of the transition to net zero emissions

The Guardian - AU

Google Cloud accidentally deletes UniSuper’s online account due to ‘unprecedented misconfiguration’

Super fund boss and Google Cloud global CEO issue joint statement apologising for ‘extremely frustrating and disappointing’ outage

The Guardian - AU

How much do I need? 5 of the biggest superannuation questions answered

Got questions about super? Here are some expert answers.

The Guardian - AU

Super fund invests in Tasmanian private forestry

Tasmania's largest private forestry company has been acquired by an Australian superannuation fund and two overseas pension entities.

AAP

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news in one place.

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The Conversation

Are bigger super funds better? Actually no, despite what the industry is doing

Australia’s superannuation funds are getting bigger – and fewer. There were close to 400 funds in 2010. With mergers, it’s now closer to 120. By 2025, according to industry executives surveyed last year, there will be fewer than 50.

AAP

Super funds mix oil and gas with net zero

Climate-savvy superannuation savers have been warned some funds are building their stakes in Australia's biggest oil and gas companies while going "net zero".

People

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