04/10/2026
The recent referral of a major super fund by the Environmental Defenders Office to ASIC raises an important question for super members: is your money still being invested in line with the option you chose?
People select an ethical or sustainable super option because they want to avoid certain industries or support a more responsible approach to investing, and assume ethical criteria are static. In reality, internal investment guidelines can be surprisingly fluid, and the rules behind those options can change over time.
Funds may adjust their investment approach to manage growth, costs or access to investments. While changes may sometimes be necessary, a fund has obligations to
- act in members’ best financial interests
- provide information that is clear and not misleading, and
- give members appropriate notice of significant changes to their investment options.
It's worth checking whether your fund has changed:
the industries it excludes;
how it defines “ethical” or “sustainable”;
the companies or assets it can invest in; or
the way it reports on environmental and social issues.
This is not just about whether a fund’s marketing matches its investments. It's about choice and transparency. If you selected a super option for specific environmental or ethical reasons, you should be able to understand whether those standards have changed—and whether the option you're invested in still suits your intentions.
The name of an investment option is not enough. What matters is the policy behind it, the investments it holds, and whether it continues to reflect what members were told they were choosing.
If you are unsure whether your super option still aligns with your values, we can help you review it.
Book a FREE call with our team to review your strategy. Check out comments for the link.