Kinetic Super has renamed the group’s financial services company from eo Financial Services to Kinetic Financial Services.
In April the group announced it would consolidate the divisions of Professionals Association Super under the new name, Kinetic Super, to launch a single MySuper product to target Australians’ increased mobility in employment.
The financial services company which forms part of Kinetic Super’s trustee offices group will now fly under the brand name Kinetic Financial Services and will deliver the same Trustee services.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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