The peak lobby group for Australia’s $4.3 trillion superannuation sector has warned annual performance benchmarking of funds is undermining the net zero transition and other productivity boosting investments.
In a paper published ahead of Treasurer Jim Chalmers’ three day Economic Reform Roundtable next month, the Association of Superannuation Funds of Australia said its members were sometimes hesitant to invest in areas such as renewable energy because they risked getting a poor performance grade.
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