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APRA grants Vanguard superannuation licence
Vanguard is expected to enter the superannuation market by the end of the year after being granted a registrable superannuation entity licence by the Australian Prudential Regulation Authority (APRA).
APRA announced it licensed Vanguard Super Pty Ltd as a public offer registrable superannuation entity licensee on August 25 2022.
Having first announced its intention to launch a super fund over a year ago, a Vanguard spokesperson said the group was excited to get its APRA licence.
“There is more to be done before we publicly launch Vanguard Super, however we are on track to open our superannuation offer to the public by the end of the year,” they said.
“Harnessing the wider Vanguard group’s global investment expertise and more than 25 years’ experience serving Australians, we believe we have created a fund that will keep super simple, transparent, and effective for our future members,” they added. “We are looking forward to sharing more details very soon.”
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