NSW electricity industry-based fund, EISS Super, has begun the tender process to select an asset consultant.
The tender process is being run by Deloitte and follows on from a needs assessment recently undertaken by the fund.
EISS, which has been named as a finalist in the Super Review Super Fund of the Year Awards, has undertaken much of its asset allocation in-house.
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 transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.