Quadrant Super has been approved by the Australian Prudential Regulation Authority (APRA) to launch its MySuper product on 1 July.
Chief executive Wayne Davy said approval was proof the small fund was ready for future superannuation reforms.
"The MySuper green light is a significant milestone for a boutique, member-owned fund like Quadrant," he said.
"This approval really acknowledges that regardless of size, a hard-working, not-for-profit fund like Quadrant is a strong contender in what it can offer members and their employers."
The fund pointed out that although only a super fund with a MySuper option could be nominated as a default option after 1 July 2014, 88 per cent of Tasmanians had not heard of MySuper.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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