POWERED BY MOMENTUM MEDIA
Catholic Super adopts member direct
Catholic Super is the latest super fund to adopt a member direct investment platform, teaming up with Lonsec to provide the ASX-listed securities option.
However the pair say the service is different to those already in the market.
Catholic Super chief executive Frank Pegan said the Lonsec platform was superior due to the enhanced flexibility it provided members.
He said the fund would also benefit from operational efficiencies and the lower cost structure derived from the back-end administration environment.
Managing director of Lonsec Fiscal, Jason Clarke, said that Catholic Super had chosen an option that would continue to serve members for the long-term.
"While many funds seem focused on a defensive member direct investment capability, we welcome Catholic Super's decision to look beyond this initial product offer and build a superior long-term product capability through Lonsec to meet the future investment and product demands of their members," he said.
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
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
