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.”
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The super fund has appointed Queensland director and super fund executive Brendan O’Farrell to its board as part of its ongoing governance renewal.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
