APRA grants Vanguard superannuation licence

29 August 2022
| By Staff |
image
image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 4 months ago

Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transf...

12 hours ago

The International Monetary Fund (IMF) has issued a sobering assessment of the global economic landscape in its latest World Economic Outlook, dramatically revised after D...

14 hours 43 minutes ago

Growth from the listed company’s key businesses has propelled Generational Development Group to new milestones in the three months to 31 March....

14 hours 46 minutes ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND