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Quadrant gains MySuper approval
Quadrant Super has been approved by the Australian Prudential Regulation Authority (APRA) to launch its MySuper product on 1 July.
Chief executive Wayne Davy said approval was proof the small fund was ready for future superannuation reforms.
"The MySuper green light is a significant milestone for a boutique, member-owned fund like Quadrant," he said.
"This approval really acknowledges that regardless of size, a hard-working, not-for-profit fund like Quadrant is a strong contender in what it can offer members and their employers."
The fund pointed out that although only a super fund with a MySuper option could be nominated as a default option after 1 July 2014, 88 per cent of Tasmanians had not heard of MySuper.
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