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.”
IFM Investors has urged for government-industry collaboration to accelerate projects, unlock capital, and deliver long-term returns for Australians.
With super funds turning increasingly to private credit to lift returns, experts have cautioned that the high-yield asset class carries hidden risks that are often misunderstood.
The super fund has confirmed its chair Andrew Fraser plans to retire at its upcoming annual member meeting in November.
Australia’s superannuation sector is being held back by overlapping and outdated regulation, ASFA says, with compliance costs almost doubling in seven years – a drain on member returns and the economy alike.