AvSuper secures MySuper licence
AvSuper has been awarded a MySuper licence by the Australian Prudential Regulation Authority.
AvSuper chief executive Michelle Griffiths said the fund was able to meet the new requirements with minimal changes.
Under the new licence, AvSuper will be able to offer members a MySuper option that includes: a single investment option; a standard set of fees that meet legislated requirements; and default levels of death and disability insurance.
AvSuper chair George Fishlock said the fund was now well positioned for "a range of members".
"Members can be in MySuper and let us manage their super entirely or they can choose to have more control," he said.
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