Vision Super has pledged to improve access and engagement with their Indigenous members, following the release of the Indigenous Super Summit report.
Vision Super chief executive, Stephen Rowe, said indigenous people were being excluded from the system and found it more difficult to access benefits within the system. He noted that awareness about this is has been historically low.
"One of the key delegates' recommendations… was that funds need to develop a general policy statement and a code of conduct for our interactions with indigenous people, and live by it. I'm very pleased to say that Vision Super is committed to doing this, as part of our efforts to improve access and engagement with our Aboriginal and Torres Strait Islander members," Rowe said.
The chair of the Indigenous Superannuation Working Group, Eva Scheerlinck, said at its summit that the Government needs to cut red tape to improve interaction.
"Government agencies have all the information required to make it easier for indigenous Australians to interact with their superannuation fund, but currently, they are unable to help due to excessive red tape," Scheerlinck said.
"There are inter-related issues at play concerning the registration of births and deaths and access to photo ID and alternative proofs of ID, compounded in many instances by issues relating to remoteness."
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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