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 Authority.
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, Greg Cantor, 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.
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