NGS Super has reappointed Frontier Advisors as its asset consultant for a second three-year term, following a market review and tender process with assistance from Deloitte.
NGS chief executive, Laura Wright, said that Frontier’s ability to support the fund’s future plans was key to its reappointment, saying that its collaborative and aligned approach to consulting and deep technology offering suited NGS’s growth strategy.
“Our relative investment performance has continued to improve over the last three years, with the last twelve months top quartile performance demonstrating that the contributions by Frontier and the working relationship with the internal investment team and investment committee are functioning well,” Wright said.
“We look forward to this continuing into the future. Although there are many drivers of these results, the contributions from Frontier over this time has been an important factor.”
An Australian superannuation delegation will visit the UK this month to explore investment opportunities and support local economic growth, job creation, and long-term investment.
An ASIC review has identified superannuation trustees are demonstrating a “lack of urgency” around improving their retirement communication and still taking a one-size-fits-all approach.
Superannuation funds have welcomed the boost that Treasury’s improvement on the Low-Income Superannuation Tax Offset will have for women and younger members.
The proposed changes to the Low-Income Superannuation Tax Offset (LISTO) has been applauded by the superannuation sector.