POWERED BY MOMENTUM MEDIA
(February-2004) Finsuper seen as good fit for LLSF outsource tender
Finsuper has scored another win in the corporate superannuation outsourcing stakes securing the $3.9 million, 29-member Lowndes Lambert Superannuation Fund.
The decision by the Lowndes Lambert Superannuation Fund to transfer to Finsuper followed a process begun last year.
LLSF trustee, Vivien McEwan says the trustee board considered several proposals from larger funds, but opted for the Finsuper proposal because of its experience in meeting the needs of people employed in the financial services sector.
She says the decision to outsource was driven by the increasingly competitive nature of the superannuation sector.
“The superannuation industry is becoming increasingly competitive,” McEwan says. “Our members were keen to see a broader range of investment options and non-investment related products and services that smaller funds such as LLSF struggle to provide.”
Finsuper CEO Debora Jackson is predicting that the Heath Lambert transfer may represent just the beginning of a move by smaller financial services sector funds to move under the Finsuper umbrella.
“As the impact of legislative changes and competition intensifies, we believe a number of small to medium-sized corporate funds will need to question their long-term viability,” she says.
AUTHOR
Mike Taylor
Recommended for you
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.
The shadow financial services minister has confirmed Labor’s retreat from the proposed $3 million super tax, describing the legislation as flawed.
Australia’s superannuation industry has reported over $2.6 trillion in total assets as at June 2025, with MySuper and Choice products showing market dominance.
Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
