POWERED BY MOMENTUM MEDIA
Vanguard Australia names chair of Vanguard Super
Vanguard Australia, which has announced the establishment of Vanguard Super, has appointed Peggy O’Neal as its chair while Jeremy Duffield, Anne Flanagan and Cynthia Lui will also join the board of directors.
The launch of Vanguard Super would be subject to obtaining regulatory licences and successfully registering the fund, the firm said.
“The board brings decades of local and global experience to Vanguard Super. I am confident they will successfully lead our entry into the Australian superannuation market with a compelling offer that best serves our future members,” Vanguard Australia’s head of superannuation, Michael Lovett, said.
Lovett also acknowledged the current social and economic challenges facing the superannuation industry as a result of COVID-19.
“We will continue to refine our superannuation offer in the coming months, with the guidance of the board, and look forward to bringing it to Australians later this year,” he said.
“Vanguard prides itself on taking a stand for investors by providing access to low-cost, high-value investments that gives them the best chance for investment success. Vanguard Super will continue this mission through a fund designed to allow members to keep more of their savings and evolve with members right through their lifetimes.”
Recommended for you
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.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
