Professional Associations Super has reappointed J.P. Morgan as its master custodian for a further three years.
J.P. Morgan was originally appointed to the role in June 2008 to handle accounting, custody and performance reporting. The appointment is to be reviewed every three years.
Professional Associations Super chief investment officer Paul Kessell said reappointing J.P. Morgan “was an easy decision”, due to the firm’s products, services and scalability.
As part of a regular review of its services providers, Professional Associations Super also recently reappointed Towers Watson as the fund’s investment consultant.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.