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Retirement

What the future of investment could look like for your super fund

By Cameron Micallef · June 26 2019
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Power grids

What the future of investment could look like for your super fund

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By Cameron Micallef · June 26 2019
Reading:
egg
egg
egg
Power grids

Superannuation funds are being urged to invest in high-demand sectors to boost returns for members and address national-scale crises, such as those related to energy cost and sustainability. 

Superannuation funds are invested in existing infrastructure, which has an unsteady future on the basis of climate change risks, increasing energy costs and energy shortages. 

“Industry funds stand ready to help – but if action isn’t taken, we risk failing generations of Australians,” said Industry Super Australia’s chief economist Stephen Anthony.

“While the climate debate rages on, Australia’s ageing energy infrastructure continues to fall further and further behind the rest of the world. Much of the heavy industry has already gone, costing jobs and driving power costs up even further,” said Mr Anthony.

The hurdles: a coal v renewables debate

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Industry Super Australia suggests debates about the energy sector have been too squarely focused on coal versus renewables.  

Rather, the debate should be centred around the needs of today’s power and what technologies will exist in the future.

“The existing fleet of baseload generators need replacing, while there must be an agreed pathway to progressively phase out coal-fired generators,” continued Mr Anthony.

“This is where industry funds can contribute. They can preempt future government decision-making to fill potholes in grids, replace existing network capacity, or develop innovative financial products that better helps to manage risks both here and overseas,” he said.

Investment in booming and growing industries is what ultimately reaps returns for investors, particularly those with a long investment horizon, such as those in superannuation funds. 

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What the future of investment could look like for your super fund
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About the author

Cameron is a journalist for Momentum Media's nestegg. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leveraging their insights to grow your portfolio.

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About the author

Cameron is a journalist for Momentum Media's nestegg. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leveraging their insights to grow your portfolio.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

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