POWERED BY MOMENTUM MEDIA
No date yet for Vanguard Super
Over a year after announcing plans for Vanguard Super, there is still no date for its release according to the firm.
The firm announced a board of directors back in April 2021 and said at the time that it expected to launch a superannuation product in 2021. The firm then said last November that it was delayed until 2022.
Speaking to Super Review, a spokesperson for Vanguard said the firm was “still working on it” seven months later.
Asked if there was a reason for the delay or a future timeframe, the firm said: “We’re taking the time to do things right so no timeframe set at this stage”.
At the time, head of superannuation, Michael Lovett, said the Vanguard offering would be a fund designed to allow members to keep more of their savings and evolve with members right through their lifetime.
Vanguard Australia had $142 billion in assets under management and 751 employees.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
