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Catholic Super adopts member direct
Catholic Super is the latest super fund to adopt a member direct investment platform, teaming up with Lonsec to provide the ASX-listed securities option.
However the pair say the service is different to those already in the market.
Catholic Super chief executive Frank Pegan said the Lonsec platform was superior due to the enhanced flexibility it provided members.
He said the fund would also benefit from operational efficiencies and the lower cost structure derived from the back-end administration environment.
Managing director of Lonsec Fiscal, Jason Clarke, said that Catholic Super had chosen an option that would continue to serve members for the long-term.
"While many funds seem focused on a defensive member direct investment capability, we welcome Catholic Super's decision to look beyond this initial product offer and build a superior long-term product capability through Lonsec to meet the future investment and product demands of their members," he said.
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