POWERED BY MOMENTUM MEDIA
Founding trustee director leaves AV Super
AV Super founding trustee director Tom Grant has announced his retirement from the fund after 20 years of service.
Grant supported many of the fund's early milestones, including AV Super being the first fund to get its RSE license and becoming a public offer fund, and also the first fund to offer intra-fund advice, AV Super said.
Grant also supported a number of fund initiatives that are now part and parcel of most funds operations, including implementing member investment choice, post-retirement products and developing a far-reaching insurance offer.
Under Grant's leadership the fund was also able to gain full funding from the Government for members transferring from CSS and establish divisions for accumulation and retained members, following the closure of its defined benefit scheme to new members.
Grant will finish in his position in January 2013, when the fund plans to implement the MySuper offer it has been developing in conjunction with the Australian Prudential Regulation Authority.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
