The groundbreaking legal case has changed the game for how Australia's $3 trillion superannuation industry invests, and how members are protected from climate risk.
Offices, shopping centres, hotels, factories and logistics hubs make up 8% of the assets of super funds.
Super is inefficient, costly and directs money where it isn't needed. There's a way out.
Household wealth in Australia has taken its biggest dive since the global financial crisis. But it's not all doom and gloom.
We rightly expect trustees of superannuation funds to do their jobs. Much stronger behavioural controls and civil penalties are needed to ensure they do.
Shadow banking provides investors with the means to isolate risks, transfer profits, avoid regulation and increase the range of money-like financial products available for investment.
The changes to superannuation discussed in the 1992-93 cabinet papers shaped the system we have today for better and worse.
Super is the wrong tool to provide an adequate support in retirement for low-income earners. Our research shows top-up measures to help this group are poorly targeted and too expensive.
Australian superannuation funds are joining the trend to invest in infrastructure because it's safer for industry members.