Profit-to-member superannuation fund VicSuper has joined 30 Australian businesses in the Financial Inclusion Action Plan (FIAP) Trailblazer community to align its work with the National Financial Literacy Strategy objectives.
FIAP is a cross sectorial national program which guides organisation in the development of an action plan that drives financial wellbeing and inclusion.
VicSuper chief executive, Michael Dundon, said: “VicSuper has a long history of delivering financial advice, education and support to our members, their families and their local communities”.
“We are looking forward to collaborating with the great minds in the FIAP network to drive meaningful outcomes in the areas of financial wellbeing, literacy and inclusion,” he said.
FIAP is facilitated by Good Sheppard Microfinance and is funded by the Australian Government. The program helps the Government meet its G20 obligations, National Financial Literacy Strategy objectives, and the UN Sustainable Development Goals.
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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