NSW electricity industry-based fund, EISS Super, has begun the tender process to select an asset consultant.
The tender process is being run by Deloitte and follows on from a needs assessment recently undertaken by the fund.
EISS, which has been named as a finalist in the Super Review Super Fund of the Year Awards, has undertaken much of its asset allocation in-house.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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