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.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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