November super news

5 min read
5 min read

Australians are prioritising super amid rising costs of living and economic uncertainty

A survey of more than 2,000 Australians, conducted earlier this year by Equip Super, found that they are beginning to invest more in their super well ahead of their retirement. Nearly one in two (46 per cent) have made voluntary contributions to top up their super over their working life, with around two thirds (65 per cent) first making voluntary contributions before turning 40.

Equip found that nearly two in five (39 per cent) Australians consider their super more important now than prior to the COVID pandemic, with around a third (31 per cent) saying they think about their retirement plans often.

“Australians are seeking stability for their future, including their retirement plans, even if they’re many years away. Making extra contributions to your super is a great way to build towards the retirement you want,” said Scott Cameron, Equip CEO.

 

The results of the latest Financy Women’s Index

The results of the latest Financy Women’s Index (FWX) for the 2022 September quarter show that, despite being rocked by COVID disruptions, progress is back on track. However, the time frames to achieve economic gender equality remain daunting. Key Results show:

  • 3 points – The FWX rose 0.4 points in the Sept quarter, signalling gender equality progress helped by narrowing of the gender gaps in education, underemployment and board leadership.
  • 139 years to gender equality in education. Now the worst performing area.
  • 59 years wait for equality in unpaid work. Second worst performing area.
  • 26 year wait for equality in employment and 17-years in underemployment. More Australian women are working to their desired potential.
  • 1 year wait for equality in board leadership. Women account for 35 per cent of ASX 200 board directors.
  • 23 year wait for equality in gender pay gap. This is the median timeframe to gender equality across all seven FWX areas.

Downlaod the full report at this link.

Author of the FWX, Bianca Hartge-Hazelman says: “There is still a lot of work to be done to ensure that Australian women fully recover financially from the pandemic and aren’t economically penalised for the choices they make in areas such as education and employment.”

 

HESTA commits $240 million founding investment to Super Housing Partnerships (SHP) 

HESTA has committed $240 million to seed Super Housing Partnership’s first fund to develop a pipeline of build-to-rent (BTR) projects in Victoria.

SHP is a specialist affordable housing fund manager that will provide institutional investors with access to scalable investment in new BTR residential projects, with a focus on social and affordable housing – a first in Australia.

HESTA CEO Debby Blakey said the Fund’s founding investment in SHP’s pipeline of BTR homes, aims to generate stable, long-term returns for members while helping catalyse an emerging investment sector.

“We have the opportunity to innovate and invest to meet an unmet need, providing our members with appropriate risk-adjusted investment returns by improving housing supply,” Blakey said.

“A lack of access to housing impacts our members who provide critical services and need to afford housing near their work, and economic productivity that presents broader systemic risks to long-term investors like HESTA.”

 

Colonial First State launches ‘Thrive+’ sustainable growth fund

Colonial First State (CFS) has released a new sustainable growth fund ‘Thrive+’.

Research by CFS has revealed a strong and growing interest in sustainable investing, with almost eight million Australians indicating they are considering a switch to a more sustainable investment option over the next two years.

The fund was developed in response to key research of 4,567 Australians seeking their investment intentions. Of the respondents who were not yet CFS customers, 46 per cent with superannuation or managed funds said they are likely to switch their investments to a sustainable option in the next two years.

“The fund has been designed to give Australians greater choice in where their superannuation is invested.  By choosing to invest in this product, investors in the fund can look to use their personal investment for the benefit of the planet and the wider community,“ said Kelly Power, Chief Executive Officer of Colonial First State Superannuation.

 

Midwinter Integrates with Estate Planning Platform Inherit Australia

Midwinter, a Bravura Solutions Limited company, has announced an integration with Inherit Australia, an estate planning platform connecting financial planners and lawyers. Advisers using Midwinter financial advice software can now pull their client data into Inherit Australia.

The Inherit software uses a sophisticated legal bot that replicates the line of questioning of an experienced estate planning lawyer to help advisers navigate estate planning conversations with their clients. This allows advisers to complete the data collection and testamentary wishes process without providing legal advice.

The one-way integration from Midwinter to Inherit eliminates the need for double data-handling while ensuring the integrity of client data stored in the Midwinter client profile.

“Advisers already have a trusted relationship with their clients; when it comes to estate planning, it makes sense for them to lead these conversations,” said Andrew Zietara, Head of Product at Midwinter.

 

Introducing the ASFA Studio

Did you know that ASFA has a brand new Studio? Custom-built and fully appointed for live-streaming and pre-recorded productions, please get in touch if you would like ASFA to produce your next video.

The ASFA Studio is also available to hire to develop your own studio events. For more information, contact Justine Earl-Smith at jearlsmith@superannuation.asn.au.

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Carmen Beverley-Smith

Executive Director - Superannuation, Life & Private Health Insurance, APRA

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Carmen joined APRA in March 2023 and holds the role of Executive Director, Life and Private Health Insurance and Superannuation.  

She has had an esteemed career in financial services, spanning over 25 years. She has held diverse leadership roles at Westpac and Commonwealth Bank of Australia, including across risk, transformation and change, product and portfolio development, and sales and service. 

Prior to joining APRA, she held the role of General Manager, Risk Transformation Delivery Integration at Westpac. This involved leading the group-wide implementation of a suite of solutions to uplift risk management capability and develop data, analytics and reporting. 

Carmen leads with a values-driven approach and a particular interest in developing and mentoring talent. 

She holds a Bachelor of Commerce and Accounting, is a certified Chartered Accountant and a Graduate of the Australian Institute of Company Directors. 

Amy C. Edmondson

Novartis Professor of Leadership and Management, Harvard Business School

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Amy C. Edmondson is the Novartis Professor of Leadership and Management at the Harvard Business School, a chair established to support the study of human interactions that lead to the creation of successful enterprises that contribute to the betterment of society.

Edmondson has been recognized by the biannual Thinkers50 global ranking of management thinkers since 2011, and most recently was ranked #1 in 2021 and 2023; she also received that organization’s Breakthrough Idea Award in 2019, and Talent Award in 2017.  She studies teaming, psychological safety, and organisational learning, and her articles have been published in numerous academic and management outlets, including Administrative Science Quarterly, Academy of Management Journal, Harvard Business Review and California Management Review. Her 2019 book, The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation and Growth (Wiley), has been translated into 15 languages. Her prior books – Teaming: How organizations learn, innovate and compete in the knowledge economy (Jossey-Bass, 2012), Teaming to Innovate (Jossey-Bass, 2013) and Extreme Teaming (Emerald, 2017) – explore teamwork in dynamic organisational environments. In Building the future: Big teaming for audacious innovation (Berrett-Koehler, 2016), she examines the challenges and opportunities of teaming across industries to build smart cities. 

Edmondson’s latest book, Right Kind of Wrong (Atria), builds on her prior work on psychological safety and teaming to provide a framework for thinking about, discussing, and practicing the science of failing well. First published in the US and the UK in September, 2023, the book is due to be translated into 24 additional languages, and was selected for the Financial Times and Schroders Best Business Book of the Year award.

Before her academic career, she was Director of Research at Pecos River Learning Centers, where she worked on transformational change in large companies. In the early 1980s, she worked as Chief Engineer for architect/inventor Buckminster Fuller, and her book A Fuller Explanation: The Synergetic Geometry of R. Buckminster Fuller (Birkauser Boston, 1987) clarifies Fuller’s mathematical contributions for a non-technical audience. Edmondson received her PhD in organisational behavior, AM in psychology, and AB in engineering and design from Harvard University.

 

Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

Sessions

Keynote 8 – Navigating the energy transition: opportunities, investor strategies and policy needs

Born in Brindisi, Italy, Daniel was a young child when he moved with his family to Australia. He grew up in Canberra and completed his first degrees – arts and law – at the ANU. He then completed a Master of Economics (University of Sydney) and a PhD in economics from Yale.

He lectured at Monash University, was an economic adviser in the Gillard government and was a Victorian MP from 2014 to 2018. As Parliamentary Secretary to the Treasurer of Victoria, Daniel helped deliver major infrastructure projects and developed innovative financing structures for community projects.

In 2018 he was preselected for the new federal seat of Fraser and became its first MP at the 2019 election, re-elected in 2022 and 2025. From 2022 to 2025, Daniel was chair of the House of Representatives’ Standing Economics Committee in which he chaired inquiries; economic dynamism, competition and business formation and insurers’ responses to 2022 major floods claims.

In 2025, he became the Assistant Treasurer and Minister for Financial Services.

In August 2022, Daniel published ‘Safety Net: The Future of Welfare in Australia’, which aims to explore the ways in which an insurance approach can improve the effectiveness of government service delivery.