Big property industry fund Rei Super has opted to continue its long-standing relationship with by reappointing the firm for another three years.
Rei chief executive confirmed the renewal of the $650 million mandate, commenting that the recent acquisition of Intech by Skandia would add to the firm’s strong investment capabilities and provide a wider suite of products.
The renewal of the mandate comes after an extensive due diligence process by Rei Super and continues a six-year relationship between the fund and Intech.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
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.