Australian Catholic Super is expected to announce that it has switched its asset consulting mandate after conducting a review of service providers.
The superannuation fund has been a client of Willis Towers Watson for the past five years and undertook a review of providers via Chant West earlier this year.
Super Review understands that Frontier Investment Consulting is the front-runner for the mandate, albeit that the appointment has not yet been formally announced.
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.