Industry super fund REI Super has retained Ibbotson Associates to its investment consulting mandate for another three years.
It comes after a thorough due diligence process, which was assisted by SuperRatings.
Chief executive of REI Super Mal Smith said Ibbotson and the super fund have had a relationship for more than a decade.
During this time, Ibbotson helped the fund create the Premium Income option, which is a low-volatility investment option for those entering retirement or who are over 55 years.
The Morningstar Investment Management group, to which Ibbotson belongs, had around US$169 billion in assets under advisement and management at 30 September 2014.
Sally McManus, secretary of the Australian Council of Trade Unions (ACTU), commented on the proposal after former prime ...
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