POWERED BY MOMENTUM MEDIA
QSuper gets MySuper approval
Queensland fund QSuper has joined the growing number of superannuation funds to gain Australian Prudential Regulation Authority (APRA) MySuper approval.
The fund, which represents present and former Queensland Government employees, gained its APRA MySuper Licence last week, with chief executive Rosemary Vilgan saying it represented a significant day in the fund's long history.
"As a fund we are always focussed on delivering the best outcomes for our members, and the approval of QSuper's MySuper licence will allow us to take the next step in the evolution of superannuation," she said.
Vilgan said the fund's MySuper product, QSuper Lifetime, was consistent with its long-term view on lifecycle investing.
"QSuper Lifetime moves beyond a one-size-fits-all approach found in most funds and will take into account a member's age, account balance and the economic environment," she said. "This is ground-breaking work and we are delighted to offer this to our members as QSuper's default MySuper option."
Recommended for you
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
