POWERED BY MOMENTUM MEDIA
Sunsuper growth plans continue in NSW
Sunsuper is continuing to push for growth in New South Wales, appointing Andrew Gledhill and Warren Peppin as business development managers charged with expanding its client base in the state.
The industry fund has experienced 32 per cent growth in member numbers and 10 per cent growth in employers since it launched its growth strategy last August.
Peppin has more than 23 years experience in the financial services industry in a variety of business development and financial planning positions. Former employers include AMP, Colonial First State, State Super, Commsec, Zurich Financial Services and Aon Master Trust.
Gledhill has worked in the superannuation industry for 36 years at roles with MTAA Superannuation, Australian Administration Services, STA and the Superannuation Administration Authority of NSW.
Sunsuper has also launched new building signage over North Sydney in a bid to attract more business in NSW.
Sunsuper general manager business growth Craig Godfrey said: "The launch of our new ‘shop-front' and the appointment of two new business development managers to the larger team in this market reinforces that Sunsuper is making its mark in Sydney and is continuing to build on the growth we've seen over the last eight months".
Last September, Sunsuper announced it had achieved 15 per cent growth on the previous year's funds under management (FUM) growing FUM to $20 billion. It managed to grow its member base by 11,000 and default arrangements by 12,000 employers over the 12 months to October last year, attracting 94 per cent through its online employer portal.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
