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.
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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