To let others decide how our money will be used is an abrogation of responsibility.
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Just four of Australia’s 20 biggest super funds still have no emissions reduction targets or commitments.
The super fund for health workers plans to dump its shares in companies that mine fossil fuels. The super fund for university staff is a long way behind.
Compelling Australians to put even more into super runs the risk of giving them a better standard of living in retirement than they had while working.
Despite recent reforms, the superannuation system is still beset with problems such as high fees and patchy performance. You need to pay attention if you want to make sure your nest egg’s in the best hands.
There are increasingly very sound financial reasons for super funds to strategically divest from some areas.
Kontributor teratas
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Professiorial Fellow, The University of Melbourne
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Associate professor of Management, The University of Melbourne
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Associate Professor of Management, The University of Melbourne
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Professor, Curtin Law School and Curtin Business School, Curtin University
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Head of National Programs, Climateworks Centre
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Adjunct Senior Research Fellow, School of Media, Film and Journalism, Monash University
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Program Director, Economic Policy, Grattan Institute
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Associate Professor, University of Tasmania
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Associate, Grattan Institute
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