Trustee Partners, which offers trustee solutions for clients with superannuation and managed investments, has approved DomaCom Fund as an investment option for their superannuation fund.
Under the terms of a deal, DomaCom would join Trustee Partners’ list of managed funds and would provide access to Australian residential, commercial and farmland property delivering further diversification.
Andrew Peterson, Trustee Partners chief executive said the move would enable financial advisers to create their own white labelled retail super offerings which would include direct property using the DomaCom solution and Trustee Partners.
Arthur Naoumidis, DomaCom chief executive stressed: “Accessing retail super is another significant first for DomaCom, further broadening our potential in the retail space.
“Most advisers have a significant proportion of their clients in retail super who have not been able to access the DomaCom Fund until now.
“For those interested in investments with impact we can also offer affordable housing, energy and other socially responsible investments.”
The industry body has cautioned the government against implementing unnecessary regulations for private market investments, with ASIC currently exploring reforms in this space.
The industry fund has appointed Natalie Alford as its new chief risk officer, strengthening its executive team during a period of transformation.
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.