Australian Catholic Superannuation (ACS) has appointed Frontier Advisors as its asset consultant, taking over from Willis Towers Watson, citing a lack of product conflict with Frontier as central to its decision.
Frontier would assist ACS with investment strategy and portfolio construction advice, as well as providing access to its highly-regarded technology platform for manager research insights and portfolio analysis.
ACS was the third super fund to sign up with Frontier in the last year, with the Frontier chief executive, Andrew Poulson, saying the recent client additions were down to a unique proposition.
“As both the regulatory and investment landscape look set to become more challenging, the unconflicted nature of our offering is becoming increasingly valued by more investors,” he said.
ACS chief executive, Greg Cantor, said that while Frontier’s market performance across a range of metrics were a selling point for the firm, a key factor was that “from a governance perspective, the alignment of interests that an independent consultant offers was very important to our Board”.
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.