Legalsuper switches asset consultants
Superannuation fund legalsuper has changed asset consultants, relinquishing JANA in favour of Towers Watson.
The move was confirmed this week by legalsuper chief executive Andrew Proebstl, who said the decision to change had followed a tender process.
"Towers Watson's wide global research capability, its clear focus on the asset consulting business and the demonstrable expertise of the consultants who will advise legalsuper were important factors in our decision-making process," Mr Proebstl said.
Legalsuper investment committee chairman David St. John said the fund was looking forward to working with Towers Watson to review its investment arrangements, particularly with an eye on best-positioning Legalsuper for the upcoming MySuper regime.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
