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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.
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