A 24-year-old council worker is taking on fossil fuels and his super fund in a world-first court case
Interesting ... I personally think it's taking fiduciary duty a bit too far, to require managers to be *socially responsible* for the future as well as generating sufficient returns in the meantime. It appears that REST doesn't have any "socially responsible" investment options (unlike say, AustralianSuper which has a "Socially Aware" option) - why didn't the guy pick a different fund if that was so important to him?
Most people would like you say just move the funds into a different fund and enjoy your life stress free. What is more worrisome that this is only the start and with all the possible un-tested and tested economic theories out there this may turn the tables and be the opposite of any sound economic analysis..