Tasplan has reached $10 billion in funds under management, after growing $1.5 billion over the last two years.
Tasplan board chair, Naomi Edwards, said the success was due to the fund’s agile approach to change and commit towards implementing best practice investment initiatives which ensured long-term sustainability and strong fund performance.
She noted that the achievement would serve to inspire even stronger future growth of the fund.
“Tasplan has always prided itself on being able to mix with the biggest players on the national stage in terms of returns for members,” Edwards said.
“While ticking over the $10 billion mark won’t change the way we do things, it does reflect our strong and continual growth and points to a bright future ahead for our members.
“Just last week Tasplan chief investment officer David Stuart was also recognised as one of the top 100 most influential public investors in the world, now the $10 billion milestone further confirms this local Tasmanian company is batting well above its average.”
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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