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Hundreds of Australians Fight for $160m in Lost Super Money

More than 600 Australians are taking legal action against a company called Australian Fiduciaries Ltd. This comes after $160 million in retirement money went missing. The company was in charge of keeping the money safe but instead put it into risky plans that failed. Now that the company has shut down, many older people are left with nothing. This article explains how the money was lost and what the legal team is doing to try and get it back for the victims.

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Australia’s $240B Super Fund Buys Global Stocks in Market Selloff

The Australian Retirement Trust, which manages A$350 billion in funds under management and is Australia’s second-largest super fund, is buying Japanese and European stocks and UK bonds as deadly market volatility caused by the Iran war drags prices lower. The fund is deploying money, almost every single day rather than the usual once a week, says its senior portfolio manager, to take advantage of cheaper assets. Rival fund Colonial First State is adopting a more defensive stance, switching to inflation-protected bonds. Divergent strategies highlight just how differently Australia’s largest super funds are managing the current global uncertainty.

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Grow Inc Faces Financial Crisis, Raising Consents for HESTA Member

Grow Inc, the startup managing member services for HESTA and more than one million Australian super members, is in serious financial trouble. Its latest accounts show a $21 million shortfall, with $45 million in debt and only $24 million in assets. Auditors have twice flagged doubt about whether the business can survive. HESTA bought a minority stake in Grow in January 2026 for around $20 million — just months after APRA imposed licence conditions following a botched admin transition that locked members out of their accounts for weeks. HESTA has also lost three senior executives in under 12 months

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