Articles for Hesta

ASIC puts super funds 'on notice', says delays to death and disability claims are 'widespread'
1 month, 1 week ago

ASIC puts super funds 'on notice', says delays to death and disability claims are 'widespread'

ABC  

The chief executive of industry super fund Cbus has apologised in a Senate committee for the fund's "far from perfect" behaviour, amid warnings from ASIC that all providers should be "on notice" over bad behaviour. After the hearing, deputy chair of ASIC Sarah Court said it was not just Cbus who had done wrong, and all super funds would be …

Court Senate Super Funds Superannuation Hesta Cbus Asic
Why an Australian super fund and Texan nuns are lobbying the world’s biggest fast-food company
4 months, 1 week ago

Why an Australian super fund and Texan nuns are lobbying the world’s biggest fast-food company

ABC  

When it comes to McDonald's, an $84 billion Australian superannuation fund and a small group of Texan nuns are united in their mission. "It's really a significant problem," said Branwen Morgan, the lead at the Antimicrobial Resistance Mission at Australia's national science body, the CSIRO. "So antimicrobial resistance is a systemic threat to both global health and our ability to …

Global Animals Disease Prevention Antibiotics Company Resistance Fund
Ethical super savings found invested in controversial weapons manufacturers
5 months, 3 weeks ago

Ethical super savings found invested in controversial weapons manufacturers

ABC  

As war rages in Ukraine and the Middle East, weapons manufacturers are watching their profits and share prices soar. While there is no agreed industry definition of "controversial weapon", Morningstar's classification captures companies that make money from nuclear weapons, anti-personnel mines, cluster bombs, chemical and biological weapons, depleted uranium weapons and white phosphorus bombs. The bulk of the investments in …

Controversial Nuclear Weapons Investment Companies Japanese White Gaza
Superannuation returns went backwards last year. Will they bounce back in 2023?
1 year, 10 months ago

Superannuation returns went backwards last year. Will they bounce back in 2023?

ABC  

Australian super fund members have benefited from positive returns for years, but in 2022 our pool of retirement savings shrunk for the first time in more than a decade. Key points: Average super returns fell 4.3 per cent in 2022, according to Rainmaker Information It followed record gains in 2021, which experts say will soften the blow to retirement savings …

Retirement Markets Interest Rates Cent Funds Think Super
Proxy adviser crackdown could censor activism on issues like executive pay, gender diversity and climate change
3 years, 6 months ago

Proxy adviser crackdown could censor activism on issues like executive pay, gender diversity and climate change

ABC  

When Rio Tinto destroyed a culturally significant cave in Western Australia's Juukan Gorge containing 46,000 years of human history, its board initially didn't appear to understand the gravity of the situation. Proxy advisers face new regulation But it's not the super funds that are under pressure over how they publicly agitate and, at times, vote against the re-election of directors …

Change Advice Shareholders Companies Pay Treasury Company
No excuse for gender inequality, sexism on IWD 2021, say corporate leaders
3 years, 9 months ago

No excuse for gender inequality, sexism on IWD 2021, say corporate leaders

ABC  

Women across corporate Australia are calling for an end to the ridiculous excuses they hear as to why they should not be promoted or paid the same as men. Lendlease director Nicola Wakefield-Evans says there's too many "egregious examples" of how we treat women disproportionately different. "It's so endemic; so common, and it puts women in terrible position of disadvantage," …

Women Diversity Australia Corporate Gender Gender Equality Sexual Harassment