Large Catholic schools and church superannuation fund the Catholic Superannuation and Retirement Fund is to go public offer after being granted a public offer Registrable Superannuation Entity by the Australian Prudential Regulation.
The fund said it applied for the public offer licence in response to many membership enquiries from friends and families of current members.
The fund’s chief executive, , said the granting of the licence meant Catholic Super was able to offer its retirement and superannuation services to the wider Catholic community.
He said that as a result of choice of fund, public offer licences were becoming crucial to remaining competitive.
The Super Members Council (SMC) has called for streamlined super reporting to cut costs, boost investment flows, and strengthen retirement outcomes.
AustralianSuper’s reliance on unlisted assets dragged on performance over the past year, as the rally in listed markets left funds more heavily weighted to equities outperforming their peers.
IFM Investors has urged for government-industry collaboration to accelerate projects, unlock capital, and deliver long-term returns for Australians.
With super funds turning increasingly to private credit to lift returns, experts have cautioned that the high-yield asset class carries hidden risks that are often misunderstood.