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AustralianSuper Boss Uses Press Club Speech to Oppose Directed Investing, Back ‘Build to Sell’

The remarks answer government appeals to channel the $4.2tn retirement pool into national projects.

Overview

  • In a National Press Club address, Paul Schroder said it would be a disaster for members if governments told super funds what to invest in.
  • He promoted a build-to-sell approach in which governments develop assets with an intention to sell or lease them to long-term investors such as super funds.
  • AustralianSuper has earmarked about $40 billion for investment in Australia over the next five years, dependent on member-first, risk‑adjusted returns.
  • He called for earlier, open engagement between governments and funds to structure projects that meet public needs and align with investment mandates.
  • Schroder also urged reforms to simplify retirement, including allowing contributions and drawdowns in one account and easier interaction with the age pension.