"The behemoth Australian fund IFM Investors will sink £10bn (A$19bn) into infrastructure and energy transition projects in Britain by 2027 as part of a new memorandum of understanding with the Sunak government.

The decision by IFM – which is owned by 17 Australian industry super funds – comes as a coalition of business and environmental groups calls on the Albanese government to supercharge tax and other financial incentives to ensure Australia can attract sufficient capital to drive the domestic transition to net zero emissions."

https://www.theguardian.com/australia-news/2023/nov/27/australian-super-fund-put...

That's Your super fund. And Net(nut) zero has nil chance of success. Contact your super fund and see if you can bail on this.😡

freediver wrote on Nov 28^th, 2023 at 4:03pm:



Yes. Next question?

Perhaps you want to mean will the injection of funds into UK net zero pay an equitable return and be relatively safe.

"Pressure rises on Hunt as 2m more households fall into fuel poverty"

https://www.theguardian.com/society/2023/feb/28/pressure-jeremy-hunt-as-2m-more-...

Inflation running at 4.7%, National debt about 100% GDP.

Does that sound like a safe investment to you? Perhaps they would be better betting on the Australian "net zero" concept.

Freemasons are taking Australia's unwanted money to distribute to wealthy Indian poms and their pommy subjects.

UK is going through devolution to a level below third-world and adoption of universal poverty. Only those with money regarded as disposable will invest in the UK.

Indian entrepreneurs and Indian Poms now appear to be in control of the UK. White Poms are starting to immigrate to India because they can't afford to live in the UK.

The Rupee will become more valuable than the GBP.

Frank wrote on Nov 28^th, 2023 at 8:10pm:


It is not too late for you Frank.

"Today, there are 37,700 British nationals living in India, figures released by the Foreign and Commonwealth Office reveal."

freediver wrote on Nov 28^th, 2023 at 9:44pm:



I no longer give financial advice. I do however care about Super Funds sending money that will probably not generate good returns.

You really should have stopped at "I don't think".

Perhaps you have an interest in the Super Funds sending your money offshore?

freediver wrote on Nov 28^th, 2023 at 9:44pm:



Which ignorant political view would that be? Perhaps you think the Super Funds sending money offshore is a political act?

The real problem is perhaps the managers of the funds are receiving under-the-table inducements to direct the investments corruptly.

Observe the number of people who have been prosecuted for corrupt financial practices.

For huge investments placed corruptly financial managers could receive huge benefits.

Australia has a problem. There is too much money in the funds and they are struggling to get a reasonable return.

freediver wrote on Nov 28^th, 2023 at 10:00pm:


No one I know says that climate doesn't change, that it is static.freediver wrote on Nov 28^th, 2023 at 10:00pm:


"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." -Richard Feynman

CO2 induced climate change has NOT been shown to be true. Models are NOT truth. It is allowed for scientists to say "I don't know", though they invariably don't. It is allowed for people to be sceptical, indeed it is a sign of a proper scientist. It is what overturned many previous prevailing theories.

freediver wrote on Nov 28^th, 2023 at 10:00pm:


Nope it is you who are making unfounded accusations. Is that against site rules?

Super funds are not safe. They follow a path of diminishing returns relying only on the annual contributions to make it appear that Super grew over the year.

Many funds are failing. More will fail.

Bernie Madoff may be dead but his philosophies are not.

https://www.superguide.com.au/comparing-super-funds/super-funds-underperformance

Quote:

freediver wrote on Nov 28^th, 2023 at 9:44pm:



i disagree

energy security IS economic security

lee wrote on Nov 29^th, 2023 at 5:49pm:


The answer is zero, isn't it? You only became a financial adviser and started caring about people's super when you found a link to climate change.

If you cannot even be honest with yourself about what motivates you, why would anyone think you are able to uncover all these facts and truths that everyone else is apparently blind to?