POWERED BY MOMENTUM MEDIA
UniSuper’s FUA reach record $13bn
Super fund for the higher education and research sector, UniSuper has announced that its funds under advice have reached a record high of $13 billion.
The $80 billion superannuation fund said it attributed the growth to its unique advice model under which it employed 95 financial advisers and general advice consultants.
This allowed UniSuper to better support members during their transition into full retirement, it said.
Also, the growth was helped by record inflow levels from self-managed super funds (SMSFs), family take-up of UniSuper’s personal accounts offering and increased access to specialist services.
“Members at all life stages are truly seeing the real benefits of specialist and tailored advice, across both their super and non-super related investments,” UniSuper’s chief financial advice, Jack McCartney, said.
“We are thrilled that more and more members are seeing the value in advice. With service and individual outcomes at the forefront, profit-for-member models provide a unique offer that is resonating strongly in the current environment.”
In addition, the fund expanded its member centres across the country, with the most recent to be opened in the Adelaide North Terrace centre and further seven member centres to be opened at the fund’s offices around Australia.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald 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(%)
