POWERED BY MOMENTUM MEDIA
legalsuper ceases ASFA membership
legalsuper has ceased its membership to the Association of Superannuation Funds of Australia (ASFA) but has kept its membership to the Australian Institute of Superannuation Trustees (AIST).
The industry superannuation fund was asked by the Standing Committee on Economics what payments to research organisations or think tanks they had made over the last five years.
The fund said it had made payments each year to ASFA, AIST, and Industry Super Australia (ISA).
However, for 2021 legalsuper said it had ceased membership of ASFA.
In a statement to Super Review, legalsuper said: “As part of the annual budget process, legalsuper determined to rationalise expenditure on membership of industry associations, resulting in a decision to cease membership of the ASFA for the 21/22 financial year.
“legalsuper retained its membership of AIST with the increase in membership fees attributed mainly to a change in AIST’s billing cycle from calendar year to financial year, and a slight increase in annual membership charges.”
legalsuper association payments
Source: legalsuper
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
