Amy Bainbridge

Australian retirees are withdrawing their pension savings at increasing rates as global turmoil and surging inflation erodes their already fragile confidence.

Global infrastructure manager IFM Investors Pty is seeking to rally support from shareholders of Atlas Arteria Ltd. for its bid to acquire the toll road operator, a day after the Sydney-listed company rejected its unsolicited offer as being too low.

The Australian government is moving to tighten an annual performance test for the nation’s A$4.5 trillion ($3.2 trillion) pension industry as concerns grow the current model may be steering investment away from some sectors.

IFM Investors Pty warned it may scrap a proposed A$3 billion ($2.2 billion) investment to make sustainable aviation fuel in Australia, unless the government mandates that airlines use the product.

Australian pension and wealth manager AMP Ltd. has been scaling back its exposure to private credit, citing an increasingly frothy market as its shifts money toward assets such as infrastructure.

AustralianSuper, the country’s largest pension fund, said agentic artificial intelligence could transform how it serves its 3.5 million members, likening the technology’s potential impact to the disruption AI is driving across retail and consumer services.

AustralianSuper, the nation’s largest pension fund, has hired its first head of artificial intelligence as the industry grapples with how rapidly evolving technology could reshape retirement finance.

AustralianSuper, the nation's largest pension fund, has hired its first head of artificial intelligence as the industry grapples with how rapidly evolving technology could reshape retirement finance.

Australia’s corporate regulator is suing Equity Trustees Superannuation Ltd. over its role in a failed investment fund that has impacted thousands of retirement savers.

Australia’s Fair Work Commission announced a review of its processes to cope with an influx of cases being lodged with the help of generative AI assistance tools, which it said has contributed to an estimated 70% workload increase over a three-year period.