In the role, his responsibilities will include leading Morningstar’s strategy to provide superannuation fund ratings for the first time.
A sustainable finance specialist is poised to add credence to the fund’s ethical investment approach.
According to Future Super and Verve Super, sustainable investment screening provided a performance boost in the last financial year.
The fund has unveiled double-digit returns for the year ended June 2024.
The first Delivering Better Financial Outcomes bill passed the Senate on Thursday afternoon before sailing through the House of Representatives a few hours later as a matter of formality.
The word on the street is that the government is rethinking its approach to the $3 million super tax after the bill was sidelined in the House of Representatives.
It said funds with a more diversified approach like itself saw a more staggered performance than those with concentrated exposures to shares in the last financial year.
The $175 billion fund has announced a strong return from its high growth default option.
The fund’s three largest Lifestage cohorts are expected to see strong returns in the 2024 calendar year.
The median balanced option stands to return high single digits as forecast, with funds holding tech exposures likely to see strong results.