From www.investmentmagazine.com.au: Representatives from various Australian super funds attended a four-day summit in Washington D.C. to promote the superannuation system and seek investment opportunities in the U.S., receiving positive feedback from U.S. Treasury Secretary Scott Bessent about Australia’s economic confidence.

However, the initiative has faced scrutiny from the Senate Economics References Committee, with questions raised regarding the costs of attendance and adherence to the best financial interests duty for those involved.

While some funds view the summit as beneficial for enhancing investment prospects, others criticise it as not serving their members’ best interests, citing concerns over cost justification and representation.