Victoria’s Local Authorities Superannuation Fund, which has over 94,000 members and assets of more than $2.3 billion, has changed its name to Vision Super to better reflect what it does.
Vision Super chairman, Darrell Cochrane says: “The time is right. It is now over five years since we shed our public sector status and we are now one of Australia’s leading superannuation funds. There are not too many funds that can match Vision Super’s expertise and experience in managing defined benefit, pension and defined contribution plans.”
CEO Rob Brooks adds: “People still think of us as a public sector fund, although we’re not any more, and also there is a lot of confusion about the name, so we thought it was critically important.
“We’ve spent 50 years as Local Authorities Super and grew up as a public sector fund, but we went to the members and decided this was the right time.”
Vision Super was one of the first funds to gain an Australian Financial Services Licence and is in the process of launching its new financial planning service.
“Approved Trustee status is under consideration, but we want to be assured that there is no downside before going down that path,” says Cochrane.
