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Super fund REST being sued for not having a plan for climate change

The risk that your super could take a hit to its bottom line because of climate change could soon be something your fund is legally obliged to act on.

That’s because 23-year-old Mark McVeigh is suing a $50 billion super fund — and if he wins, the industry will likely never be the same.

  • ABC

Experts say the case could force super funds to do more to protect people’s savings from the impacts of climate change.

And since super funds own about a quarter of the Australian stock exchange, that could change the way business is done across the…

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