Media Super has decided to stick with BNP Paribas for its custody and fund administration needs.
BNP Paribas announced this week that it had retained the Media Super mandate after a tender process undertaken by KPMG Superannuation Services.
Confirming renewal of the arrangement, Media Super general manager Michael Rooney said BNP Paribas had provided the fund with good service over the past few years and its offering had stood up well when compared to those of other custodians.
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.
The US remains a standout destination for innovation and commercialisation, according to MLC Asset Management chief investment officer Dan Farmer.