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 largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.