Queensland-based local government focused industry fund, LGIA Super has changed asset consultants – choosing JANA to replace Willis Towers Watson.
The decision to choose JANA ended the fund’s 17-year relationship with Willis Towers Watson.
Confirming the move, LGIA Super chief executive, Kate Farrar said the appointment reflected JANA’s deep understanding of members’ needs.
“As a boutique fund, LGIA Super appeals strongly to high value members starting to think about retirement and wanting confidence that their fund’s investment strategy is going to protect them from market downturns, while taking advantage of the considerable growth opportunities in the mid-market,” she said.
The selection of JANA followed a competitive tender process.
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.